Christina Xie, who works in export in the bustling southern city of Shenzhen, fears Evergrande has swallowed her life savings. I worked day and night saving, now it's game over," said Xie, who was told that the wealth management product that she bought would yield 7.5% a year. "Evergrande is one of China's biggest real estate companies ... my consultant told me the product was guaranteed." ProtestsAngry homebuyers and retail investors launched protests in several cities in recent weeks — anathema to China's stability-obsessed ruling Communist Party. Meanwhile, roughly 40 billion yuan of the group's WMPs are outstanding, a sales manager at Evergrande Wealth told Reuters previously.
