If you have paid attention to the financial media, you may have encountered various different posts talking about how Chinese developer Evergrande may not have enough money to service its debt. Or that a lot of disgruntled home buyers and retail investors are mounting protests, camping out in Evergrande’s headquarters demanding repayments on overdue wealth management products. Evergrande Group is ranked first among the real estate developers in China with revenue as high as RMB 507 billion at the start of 2021. Since then, they have fallen to second place. Real estate is responsible for 29% of China’s economic output. There is a strong possibility that the Evergrande group is going to default on their debt. They have almost RMB 335 billion in debt due this year.