In mid-September, the market value of China’s second-largest real estate developer Evergrande Group plummeted to an 11-year low, sparking concerns about the global economy. Global economists warned that if Evergrande’s debt defaults, it may trigger a credit contagion similar to the 2007 Lehman Brothers bankruptcy. So far, Evergrande has successfully avoided loan defaults three times in the past month, but Evergrande’s bondholder Deutsche Bank Marktscreening Agentur (DMSA) seems to be preparing to file for bankruptcy protection from the real estate giant. The spread of credit from the real estate industry is imminent-Evergrande fluctuates, Zillow falters There are problems in the…