Evergrande fuels concerns over China's housing bubble

Company profile of China's Evergrande Group.

A state crackdown on China's colossal property market has helped send Evergrande to the brink of collapse

A state crackdown on China's colossal property market has helped send one of its biggest developers to the brink of collapse, and analysts warn the fallout could lead to the bursting of a bubble that has been building for more than two decades.

China's housing scene took off after key 1998 market reforms that boosted the private market from employer-designated homes -- rocketing in a breathtaking building boom on the back of rapid urbanisation and wealth accumulation.