China's property giant Evergrande, the world's most indebted property developer with more than 300 billion dollars of liabilities has created fears of a systemic spillover to other parts of the Chinese economy. It is crumbling under this huge debt burden and has warned more than once that it could default. Shares of Evergrande today plunged more than 15 per cent to their lowest in over a decade, as investors remain disappointed about its ability to pay interests on its bonds with a payment deadline this Thursday. The developer said yesterday that it has begun repaying investors in its wealth management products with real estate. However, it is not of much use for the investors protesting at the firm's Headquarter Shanzhen who are demanding for cash payments. Evergrande is due to pay 83.5 million dollars interest on 23rd of this month on the firm's bonds which will be a key test of whether it will be able to tackle an impending default on its loans. <br />''<br />''A Report<br />''<br />''<span style="color: #222222;">Evergrande has been scrambling to raise funds to pay its many lenders, suppliers and investors, with regulators warning that its 305 billion dollars of liabilities could spark broader risks to the country's financial system if not stabilised. Coming Thursday, bond would default, if Evergrande fails to settle the interest within 30 days of the scheduled payment dates. Banks have reportedly declined to extend new loans to buyers of uncompleted Evergrande residential projects, while ratings agencies have repeatedly downgraded the firm, citing its liquidity crunch. Some economists have warned of a domino effect from a potential Evergrande collapse which makes some analysts think that Beijing may step in with a bailout package to rescue it. While others still differ on this because Beijing does not want to see bog corporate debts after last Augusts' ruling in this regard. Whatever may be the wayout to manage this crisis, it is likely to hit sentiments of foreign investors.</span><br />