China Makes Preparations for Evergrande’s Demise

Wall Street Journal, Sept. 23, 2021–Keith Zhai (subscription)
Chinese authorities are asking local governments to prepare for the potential downfall of China Evergrande Group , according to officials familiar with the discussions, signaling a reluctance to bail out the debt-saddled property developer while bracing for any economic and social fallout from the company’s travails.
https://www.wsj.com/articles/china-makes-preparations-for-evergrandes-demise-11632391852?mod=hp_lead_pos1