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How Evergrande found itself on the wrong side of China's regulators
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cnbc.comBEIJING — Chinese developer Evergrande made little progress toward complying with Beijing's crackdown on real estate debt — until it was too late for investors who poured money into its offshore bonds, now worth at least $19 billion.
Worries about the giant developer's ability to repay its debt and a total of $300 billion in liabilities have put global investors on edge. Beyond the company itself, there are worries about a potential spillover into the rest of China's real estate industry or economy.
A closer look at Evergrande revealed a company with many of the same problems as others in the Chinese property sector, but didn't act as quickly to respond to government rules aimed at resolving those issues.
Evergrande has failed to meet
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