Asian Insider

China's conglomerates are too big for comfort?

The Chinese government is reluctant to bail out Evergrande, which will have to sell some of its assets to pay bank loans and maturing notes. PHOTO: AFP
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BEIJING - The liabilities of China's embattled Evergrande Group, the world's most indebted property developer, has increased every year since it went public in Hong Kong in 2009.

Its liabilities stood at over 1.97 trillion yuan (S$414 billion) as at June 30, up from just 49.9 billion yuan 12 years ago.

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