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Evergrandes looming collapse would be a shift in the story of capitalism with Chinese characteristics Xi Jinping has been centralizing power for years and is. CNN BusinessChinas real estate crisis isnt showing any sign of letting up. Evergrande Huazhi Plaza Aedas Futuristic Architecture China Architecture Architecture Evergrande founder Xu Jiayin overlooking Chinas communist party 100th birthday celebrations on Beijings Tiananmen square. Evergrande china . BEIJING Property developer China Evergrandes debt woes are not likely to cause the same fallout as the collapse of US. Investment bank Lehman Brothers in. The worlds most indebted property developer China Evergrande missed a Thursday deadline to pay 835m on its dollar-denominated debt. The current focus is mostly on the wealth management products issued by a subsidiary of Evergrande. It has a 30-day grace period before bondholders can call a default which if it occurred could be Asias biggest-ever dollar-bond default. Chi...