Chinese state-media Global Times' editor in chief said struggling Evergrande Group (3333.HK) should use market means to save itself and should not bet on a government bailout as it deems itself 'too big to fail'.
The China Evergrande Centre building sign is seen in Hong Kong, China. August 25, 2021. REUTERS/Tyrone Siu/File Photo
should use market means to save itself and should not bet on a government bailout as it deems itself "too big to fail". Global Times is a nationalistic tabloid published by the Communist Party's People's Daily. Its views do not necessarily reflect the official thinking of policymakers.
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