China's economy is facing a nightmarish Year of the Dragon

• Chinese property developer Evergrande was ordered to liquidate Monday by a Hong Kong judge.
• The real-estate giant's collapse could mean a difficult year for the world's second-largest economy.
• Beijing is also struggling to stave off deflation and arrest a stock-market slump.

With the Year of the Dragon less than two weeks away, China's economy wobbled again on Monday.

A Hong Kong court ordered the winding-up of Evergrande, the world's most indebted real-estate developer, which has become synonymous with the country's ongoing property crisis.