Evergrande Gets Instructions from Chinese Authorities Reportedly Preparing for Its Failure

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China Evergrande has been issued marching orders from Chinese authorities on how it should prioritize its cash, while the government begins to prepare for the group’s ultimate downfall, according to reports.

The looming failure of the world’s most indebted property developer has captured the attention of investors around the world this week, amid concerns that it could cause a financial crisis in China and spill over into other markets. Evergrande has some $300 billion in total liabilities, including around $19 billion in…

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