Evergrande is the largest property developer in a Chinese real-estate bubble that has been expanding for years. It had more than 700 projects under construction as of the end of last year, covering 132 million square meters of total floor area.
to overseas bondholders, raising the prospect that October could bring one of the largest defaults in years.in response.
Beijing has signaled it is preparing to cushion the blow to national interests. That could include potential aid to Chinese investors, banks, Evergrande’s suppliers and home buyers who committed financially to homes that have yet to be completed.
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