Is Evergrande Really China’s Lehman Moment?

Everyone covers the 2026 midterms like a sports match, so we pulled the candidates' actual economic platforms and stress-tested the math. Instead of asking who is up by two points in Michigan, Texas, or South Carolina, this special 2026 Midterms Edition examines what the candidat ...  Show more

Everyone blames Citizens United for super PACs. Harvard Law professor Lawrence Lessig says they're blaming the wrong case, and he is actually taking his argument to court. The ruling that actually created super PACs, he argues, is SpeechNow.org v. FEC, a D.C. Circuit decision iss ...  Show more

Mimi Lau speaks with SCMP reporter Pearl Liu about the background to the US$300 billion debt crisis for China's property giant Evergrande, the warning signs from 2019 and escalating events this year that lead to protests across China. Desk editor Zhou Xin explores how Evergrande ...  Show more

China's second largest property developer, Evergrande, is at risk of financial collapse, saddled with billions of dollars of debt. It's already defaulted on some bond repayments and has been forced to sell off assets; both Chinese and international investors are worried and Beiji ...  Show more

Every once in a while a company grows so big and messy that governments fear what would happen to the broader economy if it were to fail. In China, Evergrande, a sprawling real estate developer, is that company.

Evergrande has the distinction of being the world’s most de ...