Evergrande

Unwinding the debt-burdened company will likely create large losses among creditors and could trigger some capital flight.

In 2016, Country Garden unveiled a $100 billion project in Malaysia called Forest City. It was supposed to accommodate nearly 1 million people. Eight years on, the complex is virtually empty.

With real estate firms in financial distress, thousands of people are left with unfinished condos. Some are trying to fight back.

Evergrande is among the three biggest property developers in China and it seems to have the backing of the Chinese communist party.

The Chinese property giant Evergrande was known as a risky business operator, but for years investors didn't seem to care — until now.

The Chinese property developer is "potentially representative of a much broader set of problems across China's real estate sector," one expert says.