Here's what you need to know about Evergrande, and how it got to where it is now. In a note this week, they pointed to "the complexity of Evergrande Group, and the lack of sufficient information on the company's assets and liabilities." "The story of Evergrande is the story of the deep [and] structural challenges to China's economy related to debt," said Bekink. China Evergrande Centre in the Wan Chai district of Hong Kong. Analysts expect the Chinese government to intervene to limit the fallout if Evergrande were to default.

Source: CNN September 17, 2021 06:01 UTC