Evergrande's Downfall: A Canary in the Coal Mine for China's Economy The recent court rulings against property giant Evergrande have cast a long shadow over China's economy.
These rulings are not merely a consequence of one company's collapse but rather a symptom of a broader malaise that has been afflicting the country's growth model for years.
Evergrande was once China's premier real estate developer, with a market value that peaked at over $50 billion in 2019.