According to the Wall Street Journal, Chinese authorities have informed local authorities to prepare for the possible demise of beleaguered Chinese property Developer Evergrande (HKG: 03333). Beijing getting ready for the potential collapse of Evergrande The WSJ report indicated that local officials described the Chinese government’s signals as “getting ready for the possible storm,” and […]
Full ArticleChinese Estates sells its holdings in Evergrande as potential collapse nears
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