A barrage of commentary from China’s top institutions shows authorities are stepping up efforts to manage the international message on China Evergrande Group’s collapse — even if the developer itself is staying silent about its default status.
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Evergrande Declared in Default as Massive Restructuring Looms
English-language statements from agencies including the China Banking and Insurance Regulatory Commission, along with a recorded broadcast from People’s Bank of China Governor Yi Gang on Thursday, suggest Beijing is seeking to target global investors with a clear message: there won’t be a bailout of Evergrande, but the risks are ring-fenced.
