(Bloomberg) -- Once one of China’s most successful developers, Evergrande Group has been labeled a defaulter and is more than $300 billion in debt. Now the embattled developer and its executives are racing to restructure as offshore bondholders warn of enforcement action and Beijing considers breaking up the behemoth and selling off the parts.
In this episode of Bloomberg’s The Breakdown, we tell the long, winding tale of how Evergrande was able to reach the point of collapse, what the crisis in China’s real estate industry means for its broader economy and how its resolution may change the way business is done there forever.
