A Threat to China’s Economy

Every once in a while a company grows so big and messy that governments fear what would happen to the broader economy if it were to fail. In China, Evergrande, a sprawling real estate developer, is that company. Evergrande has the distinction of being the world’s most debt-saddled property developer and has been on life support for months. A steady drumbeat of bad news in recent weeks has accelerated what many experts warn is inevitable: failure. But will the government let the company fail? And what would happen if it did? Guest: Alexandra Stevenson, a business correspondent based in Hong Kong covering Chinese corporate giants.