Running on empty: how Evergrande became the world’s most indebted property company

For 25 years Evergrande built its empire on China’s rapid urbanisation. A newly mobile middle class needed units to live in, music to listen to and stadiums to fill.

source https://www.smh.com.au/world/asia/what-caused-the-evergrande-crisis-20210922-p58tru.html?ref=rss&utm_medium=rss&utm_source=rss_feed