Evergrande used to be a market giant, and now it's become the poster child of the bust. It received a liquidation order from a Hong Kong court on Monday two years after officially defaulting on public debt.

Its collapse is the largest in a crisis that's dragged down China's economic growth and led to a record number of defaults by developers. What is this firm, who is it run by and how did Evergrande become the most significant domino in this event?

In this episode of The Briefing we speak with economist Richard Holden to find out, and ask what the implications are for the Australian economy.

 

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