Not too long ago, Evergrande was one of China’s biggest success stories. After cashing in on the property boom of the late 1990s, Evergrande became a ubiquitous presence in China’s economy, expanding into selling bottled water and even pig farming. In recent years, however, things have turned upside-down, and Evergrande is now less a success story and more a cautionary tale. This video from Bloomberg Quicktake explains how it all happened.
