Evergrande, and China's Potential Debt Crisis:, Explained.<br />Evergrande is a Chinese real estate giant <br />with over $300 billion in debt.<br />According to CNET, that makes Evergrande the world's most indebted real estate company.<br />According to CNET, that makes Evergrande the world's most indebted real estate company.<br />Since China is a major global trading <br />partner, economic problems within <br />the country could be far-reaching.<br />Since China is a major global trading <br />partner, economic problems within <br />the country could be far-reaching.<br />CNET reports that if the company were to default, countries everywhere would be impacted.<br />CNET reports that if the company were to default, countries everywhere would be impacted.<br />On Sept. 14, Evergrande told its investors that it may be unable to fulfill two repayments equaling over $130 million due in the coming weeks.<br />Analysts don't expect the impact to be as devastating as the global financial crisis of 2008.<br />Analysts don't expect the impact to be as devastating as the global financial crisis of 2008.<br />We believe Beijing would only be compelled <br />to step in if there is a far-reaching contagion <br />causing multiple major developers to fail <br />and posing systemic risks to the economy. <br />Evergrande failing alone would <br />unlikely result in such a scenario, September 20 S&P Report, via CNET.<br />We believe Beijing would only be compelled <br />to step in if there is a far-reaching contagion <br />causing multiple major developers to fail <br />and posing systemic risks to the economy. <br />Evergrande failing alone would <br />unlikely result in such a scenario, September 20 S&P Report, via CNET.<br />Protests have reportedly broken out <br />in front of Evergrande offices around China, <br />including at its headquarters in Shenzen.<br />According to CNET, employees, suppliers <br />and customers who have paid for unbuilt homes <br />were among those who demonstrated.<br />Evergrande is not only in real estate. The company <br />also owns an electric vehicle company, a soccer <br />team and a bottled water business.<br />Evergrande is not only in real estate. The company <br />also owns an electric vehicle company, a soccer <br />team and a bottled water business
