A Debt-Ridden Property Developer Could Threaten China’s Economy

A Debt-Ridden Property Developer Could Threaten China’s Economy
An Evergrande Group stand at a real estate fair in Wuhan city, Hubei province, September 13, 2013 (Imaginechina photo by Sun Xinming via AP).

Editor’s Note: This is the web version of our subscriber-only weekly newsletter, China Note, which includes a look at the week’s top stories and best reads from and about China. Subscribe to receive it by email every Wednesday. If you’re already a subscriber, adjust your newsletter settings to receive it directly to your email inbox. 

Approximately 100 disgruntled investors gathered at the headquarters of the troubled property developer China Evergrande Group in the southern city of Shenzhen on Monday to demand repayment of loans and other financial products. 

Reuters’ David Kirton captured the chaotic scenes that erupted as Evergrande employees tried to placate the protesters. In one photo, Du Liang, identified by staff as the general manager and legal representative of the company’s wealth management division, sat exhausted on the floor. Next to him lay a middle-aged woman who had apparently collapsed as the crowd aired their grievances. “A company as big as yours, how much money has been swindled from ordinary people?” another woman said to Du. 

Keep reading for free!

Get instant access to the rest of this article by submitting your email address below. You'll also get access to three articles of your choice each month and our free newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having a personal curator and expert analyst of global affairs news. Subscribe now, and you’ll get:

  • Immediate and instant access to the full searchable library of tens of thousands of articles.
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday.
  • Regular in-depth articles with deep dives into important issues and countries.
  • The Daily Review email, with our take on the day’s most important news, the latest WPR analysis, what’s on our radar, and more.
  • The Weekly Review email, with quick summaries of the week’s most important coverage, and what’s to come.
  • Completely ad-free reading.

And all of this is available to you when you subscribe today.