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Evergrande: How much risk is Beijing willing to accept in its financial market?

No one can say that China is casting too wide a safety net in the crisis. In the first half of the year alone, dozens of large companies went bankrupt, leaving a combined €15 billion of debt. So the financial regulator and the central bank are certainly showing the strength to go bust. In a state economy, the government has the ability to rescue just about anything that runs into trouble. But it is holding back on interventions.

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