China Evergrande Group last month missed a scheduled interest payment to overseas bondholders, raising the prospect that October could bring one of the largest defaults in years.
Investors have been grappling with unknowns including what the Chinese government might do in response. Beijing has signaled it is preparing to cushion the blow to national interests. That could include potential aid to Chinese investors, banks, Evergrande’s suppliers and home buyers who committed financially to homes that have yet to be completed.
