China's Evergrande sets up 'risk management committee': A backdoor for government involvement?

Shares in Asia recovered but worries remain over the ongoing debt crisis at real estate giant Evergrande. The embattled company is planning an enormous debt restructuring as it struggles to meet its commitments. Recent turmoil at the company has shaken the entire Chinese property sector, which forms a substantial part of the world's second-biggest economy. Evergrande is now setting up a seven-person-strong 'risk management committee' it will involve only two company executives... raising expectations the government could get more involved in managing affairs.

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