Global investors are keeping a close eye on one of China’s biggest real estate developers this month. The sprawling company Evergrande is struggling to avoid defaulting on tens of billions of dollars worth of debt and faces a deadline for $255 million at the end of the month. The company says it may not be able to repay it. The Chinese government hasn’t yet said whether it will bail the company out. And the company’s failure would send shockwaves through the larger financial system. The World’s Rebecca Kanthor in Shanghai tells Marco Werman what’s at stake.
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