Evergrande’s collapse would have ‘profound consequences’ for China’s economy

>Given Evergrande’s importance to the Chinese economy, “it’s highly probable that the state will sort out a debt restructuring programme for it”, Rollin said. In other words, Beijing will force creditors’ hands while organising the sale of Evergrande’s non-core assets.

A bailout is TOTALLY coming. Everyone remembers the mortgage train wreck of 2007 and no one wants a repeat of that.