Xi weighs future of Evergrande as he targets third term
A collapse of the heavily indebted developer would have grave consequences for hundreds of thousands of property buyers and retail investors, as well as financial stability in the world’s second-largest economy.
Singapore/Beijing | Just a year away from an unprecedented third term in power, Xi Jinping is taking one of the biggest economic gambles of his presidency by letting Evergrande teeter on the edge of bankruptcy.
A collapse of the heavily indebted Chinese developer would have grave consequences for hundreds of thousands of property buyers and retail investors, as well as financial stability and economic growth in the world’s second-largest economy.
