Maior empresa imobiliária da China está na iminência de quebrar [hat tip K. Sernik]: Evergrande is teetering between a messy meltdown with far-reaching impacts, a managed collapse or the less likely prospect of a bailout by Beijing for what was once the country's top-selling property developer. Founded in Guangzhou in 1996, Evergrande has epitomized China's freewheeling era of borrowing and building, but with liabilities of nearly two trillion yuan ($305 billion) its possible collapse looms as one of China's largest for years.
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