China's Real Estate Woes Threaten Global Economic Growth

Chinese real estate developers face severe financial difficulties due to reduced demand and unpaid bills.
China's economic outlook has worsened amid falling imports, exports, and foreign investment.
Major developers like Evergrande and Country Garden are struggling to manage debt and make payments.
The Chinese government has intervened, but the impacts on the economy remain unclear.
Spillover effects could slow global consumer spending and commodities demand if China's economy falters.