6 photos and stats that put into perspective the sheer size of Evergrande, China's embattled real-estate giant that has $300 billion in debt

Matthew LohSep 24, 2021, 15:01 IST

Evergrande is China's second-biggest property developer.Noel Celis/Getty Images

Evergrande, one of China's biggest real-estate developers, is $300 billion in debt.
That's the biggest debt load of any company in the world right now.
If Evergrande defaults, analysts fear its collapse will send shockwaves through the Chinese economy.

Evergrande is the second-largest property developer in China by sales.

A property developed by Evergrande Group is seen in Huai 'an, Jiangsu Province, on September 17, 2021. Zhao Qirui / Costfoto/Barcroft Media via Getty Images

1. Evergrande owns more than 1,300 real estate projects in China.

An Evergrande housing complex in China's eastern Jiangsu province STR/ Getty images

2. Evergrande is $300 billion in debt, the most out of any company in the world.

A man walks past a sign with the characters HengDa (Evergrande in Chinese) at the entrance of a residential complex built by Evergrande on September 22, 2021 in Beijing, China Andrea Verdelli/Getty Images

3. Around 12 million homeowners live in properties built by Evergrande.

A man walks past a housing complex by Chinese property developer Evergrande in Guangzhou, China's southern Guangdong province. Noel Celis/Getty Images

4. Evergrande manages enough land to cover the entire area of Manhattan.

Construction underway for Guangzhou Evergrande football stadium in Guangzhou in China's southern Guangdong province. STR/AFP via Getty Images

5. Evergrande is indirectly responsible for 3.8 million jobs, which is enough to employ all of Los Angeles.

People gather at the Evergrande headquarters building in Shenzhen, southeastern China on September 15, 2021, as the Chinese property giant said it is facing unprecedented difficulties but denied rumours that it is about to go under. NOEL CELIS/AFP via Getty Images

6. Evergrande's debt load is equivalent to 2% of China's GDP.

The logo of Evergrande Real Estate on a crane in Hangzhou, east China's Zhejiang Province Long Wei/Costfoto/Barcroft Media via Getty Images

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