CHINA: Evergrande default now likely, Beijing’s focus shifts to damage control

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Evergrande appears highly likely to default on US dollar bonds, contrary to our previous forecast that the company would receive a government bailout.
But the government is not adopting a pure laissez-faire approach and will participate in the restructuring, which may incl...

 

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CHINA: Evergrande default now likely, Beijing’s focus shifts to damage control

Evergrande appears highly likely to default on US dollar bonds, contrary to our previous forecast that the company would receive a government bailout. But