Brace! Beijing Is Not Going To Bailout Evergrande, Ask Their Local Government To Prepare For Financial Storm.
WSJ: China Makes Preparations for Evergrande’s Demise Beijing, reluctant to bail out the country’s most heavily indebted property developer, is asking local officials across the country to prepare for a ‘possible storm’ SINGAPORE—Chinese authorities are asking local governments to prepare for the potential downfall of China Evergrande Group , according to officials familiar with the … Read more