Evergrande Crisis Tests Beijing's Fallout Management as Creditor Jitters Mount
KONTAN.CO.ID - HONG KONG. As a developer of China Evergrande Group 3333.HK lurched from one crisis to another over the past two years, Beijing avoided directly intervening to rescue what was not too long ago considered one of the country's "too big to fail" enterprises.
With the world's most indebted developer now standing at the precipice after authorities launched a criminal investigation into its billionaire founder, some creditors, investors, and analysts are now betting on authorities stepping in to manage the fallout.
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