China Evergrande Group is one of the largest real estate developers in China. Founded in 1996, the company focuses on residential and commercial properties, and it has expanded into various sectors, including electric vehicles and healthcare. Evergrande's rapid growth made it a significant player in the global real estate market. In 2021, China Evergrande Group faced a severe financial crisis, struggling with over $300 billion in debt. This situation raised concerns about its ability to meet obligations and the potential impact on the broader Chinese economy. The crisis highlighted issues within the real estate sector and prompted government intervention to stabilize the market.