Is Chinese bailout for Evergrande on the cards?

Rescue may be necessary if developer's fall threatens financial or social stability: Analysts

The Vertex residential project, developed by Evergrande Group, in Hong Kong last week. Evergrande, the world's most indebted property developer, is among the companies in the Chinese government's cross hairs as it seeks to curb the growing debt probl
The Vertex residential project, developed by Evergrande Group, in Hong Kong last week. Evergrande, the world's most indebted property developer, is among the companies in the Chinese government's cross hairs as it seeks to curb the growing debt problems of China's high-flying private conglomerates. PHOTO: BLOOMBERG
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Heightened worries over whether China's biggest home builder can pay off its debts have raised the question if a bailout may be imminent.

Evergrande Group, also the world's most indebted property developer, is among the companies in the government's cross hairs as China seeks to curb the growing debt problems of its high-flying private conglomerates.

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A version of this article appeared in the print edition of The Straits Times on July 28, 2021, with the headline Is Chinese bailout for Evergrande on the cards?. Subscribe