🚨 Evergrande's billionaire boss Xu Jiayin reportedly held by police! 😲 As the company faces severe financial difficulties, Xu is under "residential surveillance" but not charged with any crime. Evergrande's massive debt raises global spillover fears. 🌍

- Former execs detained too

- Xu's wealth down to $1.8B from $42B in 2017

- Evergrande unable to issue new debt

- China's property sector crisis deepens

What do you think this means for the global economy? Share your thoughts below! 💭👇 #Evergrande #China #Economy