In China, New Purges, New Targets
The arrests of Evergrande’s leadership embody the debate over how Beijing handles economic recovery.
China’s restructuring of real estate giant Evergrande Group is not exactly going as planned. In mid-May, the company was on track to deliver a preliminary restructuring plan by the end of July that never materialized. Instead, the Chinese government has taken measures into its own hands. Beijing forced the chief executive officer and the chief […]