A Hong Kong court's decision to issue a winding-up order for real estate giant Evergrande -- once China's biggest real estate firm -- is "one aspect of an overall reckoning" of the property sector, says Daniel Margulies of law firm Dechert LLP. Evergrande, which has astronomical debt of more than $300 billion, has become emblematic of a years-long crisis in the world's second-largest economy's property market. SOUNDBITES