Evergrande has encountered unprecedented difficulties, but it has denied it is heading towards bankruptcy. Photo: AFP Evergrande has encountered unprecedented difficulties, but it has denied it is heading towards bankruptcy. Photo: AFP
Evergrande has encountered unprecedented difficulties, but it has denied it is heading towards bankruptcy. Photo: AFP
Zhou Xin
Opinion

Opinion

Zhou Xin

China Evergrande is not a Lehman Brothers moment, but its fate spells trouble for long-term growth

  • Chinese authorities will not directly bail out the embattled property developer, but they will be keen to prevent a complete collapse
  • Beijing is likely to to use a cocktail of proven tricks: rolling over debt, haircuts on assets and emergency payments to the vulnerable

Evergrande has encountered unprecedented difficulties, but it has denied it is heading towards bankruptcy. Photo: AFP Evergrande has encountered unprecedented difficulties, but it has denied it is heading towards bankruptcy. Photo: AFP
Evergrande has encountered unprecedented difficulties, but it has denied it is heading towards bankruptcy. Photo: AFP
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