China Evergrande Group’s headquarters in Shenzhen. Analysts say the Chinese government will probably not let the property developer collapse. Photo: Reuters
China Evergrande Group’s headquarters in Shenzhen. Analysts say the Chinese government will probably not let the property developer collapse. Photo: Reuters

Evergrande crisis: Beijing not likely to let developer collapse even as it gets tough, analysts say

  • The property developer has missed three interest payments and will default if it fails to pay US$119 million by October 23
  • The government, which wants to avoid a bailout, is trying to find a way to penalise the company without creating a sectorwide panic, analysts say

Topic |   Evergrande crisis
China Evergrande Group’s headquarters in Shenzhen. Analysts say the Chinese government will probably not let the property developer collapse. Photo: Reuters
China Evergrande Group’s headquarters in Shenzhen. Analysts say the Chinese government will probably not let the property developer collapse. Photo: Reuters
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