Evergrande Files for Chapter 15 Bankruptcy in New York

The video discusses Evergreen's filing for Chapter 15 bankruptcy, a move to protect its US assets and prevent lawsuits from creditors. The ongoing property crisis in China is affecting both private and state-owned developers, with the latter facing low profit margins and valuation drops. Speculation surrounds Country Garden, which may need to restructure due to its significant debt, despite short-term bond extensions.

What are the implications of Country Garden's debt situation?

What factors could lead to further restructuring in the property sector?