S&P does not expect Beijing to provide any direct support to embattled Evergrande

SINGAPORE — S&P Global Ratings said it does not expect Beijing to provide any direct support to embattled China Evergrande Group, amid growing investor fears the property giant could default on its debt mountain as two repayment deadlines loomed. “We believe Beijing would only be compelled to step in if there is a far-reaching contagion […]
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