The troubles of Chinese conglomerate Evergrande have dominated headlines in recent days after it warned once again that it could default on its astronomical debt. Snowed under its crushing debt of 300 billion Evergrande is so huge that the fallout from any failure could hurt not just Chinas economy.
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Evergrandes debt burden is so large that analysts have warned that risks could spread throughout China.
Evergrande debt amount. The company holds about 65 of the total debt. Evergrandes problems began last year when Beijing clamped down on the amount of debt that big real-estate developers can owe.
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