Evergrande contagion tests Beijing’s generosity – Breakingviews


Evergrande contagion checks Beijing’s generosity – Breakingviews

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China’s $10 bln retailer threw a monetary lifeline to the troubled property developer. Its founder is now promoting a controlling stake because the embattled group faces $5 bln of debt due this yr. A authorities bailout, which can be imminent, would ship the flawed message.

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