Caixin with the thought on a lot minds, Evergrande ... is on the verge of a dramatic debt restructuring or even bankruptcy...
- A bankruptcy would amount to a financial tsunami, or as some analysts put it, "China's Lehman Brothers."
- As of the end of June, Evergrande had nearly 2 trillion yuan ($309 billion) of debts on its books, plus an unknown amount of off-books debt.
And:
- Like many of China's "too big to fail" conglomerates, Evergrande's crisis has fueled speculation over whether the government will step in for a rescue.
Earlier Evergrande posts:
- The party has ended for the world's biggest real-estate boom
- The best thing I read this weekend on Evergrande
