Evergrande: Why should I care about the crisis-hit Chinese property giant?

Peter HoskinsBusiness reporter, BBC NewsGetty ImagesBefore its debt crisis, Evergrande was building a new stadium for its football team, Guangzhou FCWhat does Evergrande do?Evergrande, formerly known as the Hengda Group, was founded by Mr Hui in 1996 in Guangzhou, southern China.At the time of its collapse, Evergrande had some 1,300 projects under development in 280 cities across China.The Evergrande Group as a…