Could Evergrande trigger a global economic infection?

The massive Chinese real estate company Evergrande is unable to pay its debts. This crisis has ignited some rare protests in China and is raising concerns all over the international financial markets.
A key question now is whether or not the government of China will let Evergrande collapse and whether or not the collapse of the real estate giant will have impact throughout the region and the world.
The Chinese giant’s crisis is back in the spotlight after trading was suspended in shares. The fate of a $260 million debt payment is in the air.
Reports of sales of some of Evergrande’s assets and an orderly restructuring provide hope. Chinese markets are closed for a holiday.
Concerns that global growth would be delayed due to inflation and supply-chain issues continue weighing on sentiment.