Chinese property market

Chinese real estate behemoth Evergrande on Thursday defaulted on its debt, said the Fitch Ratings agency, which cited the crisis-hit developer's failure to pay more than $1.2 billion in bond repayments. The default is the property empire's…

Any story you tell about China ― a country with a 1.4 billion population and whose economy more than doubled in the last decade ― will always involve big numbers ― big, scary numbers. There was, for example, a collective shudder in…