Here's a ranked list of strongest Militaries in the worldSTORY: Chinese developer Evergrande has filed for bankruptcy protection in a U.S. court.The property giant made the move in one of the world's biggest debt restructuring exercises. The firm's problems add to growing investor worries about China's property debt crisis and its overall economy.Evergrande was once China's top-selling developer but is now the world's most indebted property company.
The crisis has led to a contagion risk, which could further hurt a Chinese economy already weakened by slower growth.Evergrande's problems come days after a major Chinese asset manager missed repayment obligations on some investment products and warned of a liquidity crisis.While China's number one developer Country Garden has become the latest to signal a cash crunch.
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