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Evergrande’s endgame
FT News Briefing
Evergrand's Troubles Turning Into a Property Sector Crash
2min Snip
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The company announced it on a monday evening, and you know, it was a real signal. It's basically saying this company is now, for all intents and purposes, in state hands. So tom, what are the government's options? Can it avoid evergrant's troubles turning into a wider property sector crash? The government thinks it can. It has a lot of experience with these sorts of situations, and generally it's worked out very well. But even, you know, the larger companies that have run into debt troubles and have been subject to government supervised restructure s, they're not ones that the outside world is that familiar with.
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