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CHINA ASKS LOCAL GOVTS TO SET FOR POTENTIAL EVERGRANDE FAIL

HANG SENG FUTURES DROP AFTER WSJ REPORTS CHINA AUTHORITIES ASKING LOCAL GOVTS TO PREPARE FOR POTENTIAL EVERGRANDE DOWNFALL

CHINA ASKS LOCAL GOVTS TO SET FOR POTENTIAL EVERGRANDE FAILPhoto: Unsplash

CHINESE AUTHORITIES ARE ASKING LOCAL GOVERNMENTS TO PREPARE FOR THE POTENTIAL DOWNFALL OF CHINA EVERGRANDE GROUP

WSJ reports: Beijing, reluctant to bail out the country’s most heavily indebted property developer, is asking local officials across the country to prepare for a ‘possible storm’

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