Chinese authorities are preparing for the potential downfall of Evergrande, the Wall Street Journal reported Thursday.
Chinese authorities have told local officials to prepare for a potential demise of heavily indebted property developer Evergrande, the Wall Street Journal reported on Thursday. Local officials described the signals from Chinese authorities as « getting ready for the possible storm » and said the government told them they should only step in at the last minute to prevent spillover effects from Evergrande’s demise, the WSJ report said.
