Evergrande Debt Crisis Reflects Contradictions of Today’s China
The Evergrande debt crisis has drawn global alarm, due to the effects the collapse of the debt-ridden company could have worldwide. Evergrande is one of China’s largest real estate companies, yet currently has 300 billion in debt. But with the company set to default on debt, this has led to concerns that this could lead to something like the 2008 financial crisis...