![Behind the Evergrande Debt Debacle](https://assets.pandaily.com/uploads/2021/07/debate-over-evergrande.jpg)
Behind the Evergrande Debt Debacle
Past weeks have seen an onslaught of headlines surrounding the ordeal now faced by China Evergrande Group, once the world’s leading real estate-owning company by total assets, as it grapples with a lack of funds to service its growing debt and deteriorating public confidence.