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Authorities Reportedly Requesting State-Backed Firms Buy Up Evergrande Assets

CHINA
  • Reuters reports that the Chinese authorities are pressing both government owned firms as well as state-backed property developers to buy up assets from Evergrande, according to sources.
  • The pieces goes on to say that any asset purchases would hopefully ward off or at least limit any social unrest should Evergrande suffer a "messy collapse".

Full article here: https://www.reuters.com/article/china-evergrande-d...

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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