Cui Dongshu

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Prospective investors walk around the Royal Scenic Peninsula, an Evergrande luxury development in Guangzhou, China, in March, 2009. Experts are warning of an imminent failure for the property giant. Photograph: Alex Hofford/The New York Times

Global markets have watched anxiously as a huge and deeply indebted Chinese property company flirts with default, fearing that any collapse could ripp(...)