For weeks, the ailing Chinese real estate conglomerate has made headlines as investors wait to see what will happen to its enormous mountain of debt. As the slow-moving crisis unfolds, analysts are pointing to a deeper underlying issue: China's property market is cooling off after years of oversupply. Chinese authorities finally weighed in on the Evergrande crisis on Friday. The People's Bank of China said the company had mismanaged its business but risks to the financial system were 'controllable.' 'In […]
