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Caixin with thinking on many minds, Evergrande … is on the verge of a dramatic debt restructuring or even bankruptcy …
- Bankruptcy would be tantamount to a financial tsunami, or as some analysts say, “China’s Lehman Brothers”.
- At the end of June, Evergrande had nearly 2,000 billion yuan ($ 309 billion) in debt on its books, plus an unknown amount of off-book debt.
And:
- Like many Chinese conglomerates “too big to fail”, the Evergrande crisis has fueled speculation over whether the government will step in for a bailout.
Previous Evergrande publications:
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