Evergrande is China's second-largest real estate developer and is now sinking under a mountain of debt, totalling $300 billion, which makes it the most indebted company in the world. This crisis has often been compared to the collapse of U.S. investment bank Lehman Brothers in 2008 that triggered the global financial crisis. You may be familiar with the Western media coverage on this issue, but how do average Chinese citizens feel about this situation and the property market in China in general?

4.4K views · 35 reactions | ▪ EVERGRANDE DEBT CRISIS Chinese property developer Evergrande faces US$ 300 bil. debt: potential impact on Korea's stock market #China #developer #stock_market | Arirang News | Facebook