Walking Around: What led to the debt crisis of Country Garden?

After the massive debt default of Evergrande has surfaced, the world is watching closely the possibility of another giant developer following its footsteps: Country Garden.

In the first half of this year, Country Garden was still the largest property developer in terms of sales area in China, but suddenly it faces a broken capital chain, and default in contractual payment. What is the current situation of this giant developer, which has previous connections with Hong Kong people?