Evergrande's liquidation could derail the Chinese economy and have global effects

The Australian economy may soon feel the knock-on effects of the court-ordered liquidation of one of China's biggest property developers, Evergrande Group, as the Reserve Bank warns that problems stemming from the "sharp deterioration" in China's property sector could lead to a global slowdown, weaker commodity prices and "reduced Chinese imports of Australian goods and services".

More from ABC News.