News

Real Estate Development

Chinese Property Developer Evergrande Not 'Too Big to Fail' — Global Times

Reuters | Equities.com |

The editor-in-chief of state-backed Chinese newspaper Global Times warned debt-ridden property giant Evergrande Group that it should not bet on a government bailout on the assumption that it is "too big to fail."

It was the first commentary to appear in state-backed media casting doubt on a government bailout for the country's second largest property developer, whose shares fell on Friday for the fifth consecutive day amid concerns it is heading for default.


Sponsored Financial Content

Market Movers