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The liquidation of Evergrande, a debt-ridden Chinese property giant, has raised concerns about China's economic stability, potential lending crunch, and its impact on global metal markets and suppliers.
After years of struggling, Evergrande's liquidation now seems imminent. This leaves China and the world awaiting vital construction news.
The crisis at the heavily-indebted property giant deepened as a Hong Kong court ordered it to be wound up.
For prospective Chinese home-owners who have taken loans and paid the amount to the developers and are awaiting the handover of their homes, the prospect of Evergrande shutting down spells serious concerns. If Evergrande goes bust, they could potentially lose that money.
There are reports the leaders of the heavily indebted Chinese property giant have been detained.