CNN BUSINESS | 5 things to know about Evergrande, the Chinese business empire on the brink 

Hong Kong (CNN Business) – The troubles of Chinese conglomerate Evergrande have dominated headlines after it warned once again that it could default on its astronomical debt because of a cash crunch. 
 
Experts have characterized the firm’s struggles as a major test for Beijing that risks turning into China’s Lehman Brothers moment, sending shockwaves across the world’s second biggest economy. 
 
This week could be critical for the company. It was supposed to repay interest on some bank loans on Monday, according to Bloomberg. The news outlet recently reported that Chinese authorities have told major banks that they won’t receive those payments. 
 
Evergrande did not immediately respond to a request from CNN Business for comment about those payments.––read more—