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Evergrande default fears haunt investors as Beijing stands back

Hong Kong/New York | Default fears continued to stalk China’s Evergrande Group on Tuesday despite efforts by its chairman to lift confidence in the embattled firm, as markets looked for possible intervention by Beijing to stem any domino effects across the global economy.

Analysts played down the threat of Evergrande’s troubles becoming the country’s “Lehman moment”, though concerns about the spillover risks of a messy collapse of what was once China’s top-selling property developer have roiled markets.

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Reuters

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    Original URL: https://www.afr.com/world/asia/evergrande-default-fears-haunt-investors-as-beijing-stands-back-20210921-p58tlw