– Evergrande's massive debt restructuring ranks among the world's largest, reflecting the severity of the situation.

– China's recent interest rate cuts are deemed insufficient to reverse the economy's downward trend.

– Evergrande invokes Chapter 15 of U.S. bankruptcy code, nearing the end of its over 18-month-long restructuring process.

Troubled developer China Evergrande Group seeks U.S. bankruptcy protection

The company requests U.S. court recognition for offshore debt restructuring schemes,

– A leading Chinese asset manager's default and Country Garden's cash crunch further amplify concerns.