- Order Reprints
- Print Article
China President Xi Jinping has made sweeping moves to rein in some of the country’s biggest companies.
Illustration by Robert Connolly; Xinhua News Agency / Getty Images
The debt troubles of property developer China Evergrande Group couldn’t come at a worse time for China’s already slowing economy. Global markets, too, may feel the ripples in the near term from a China-centric crisis. But there could be a silver lining: If Evergrande’s travails get too painful, Chinese authorities could offer investors a reprieve with targeted stimulus and possibly an easing of some recent investment restrictions.
China has been trying for years to grapple with the aggressive, debt-laden expansion of its property…
Source: China Faces a Reckoning With Evergrande Crisis. What Could Come Next.