Evergrande is one of China's largest real estate development companies.
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In China developers must hold one of five qualification grades (一级 through 四级 plus 暂定级). The giants — 万科, 碧桂园, 恒大, 融创 — were the symbolic engines of China's 2000s–2010s property boom; the post-2020 deleveraging campaign reshaped the entire sector.
