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What's next for Evergrande: Bailout, breakup or default?
Sep 23, 2021 | CNN
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A version of this story appeared in CNN's Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country's rise and how it impacts the world. Sign up here.

Hong Kong (CNN Business)The fate of ailing Chinese developer Evergrande remains up in the air after a deadline came and went Thursday without an update from the company on whether it plans to pay nearly $84 million interest owed to bondholders.

Investors may have to wait a while longer to find out whether Evergrande will default on its enormous debts — it now has a grace period of up to 30 days on the first bond payment. A second payment of $47.5 million on another bond is due next week.

Filling the vacuum of information is mounting speculation that the Chinese government will have to intervene to limit the fallout that would be caused by the collapse of one of the country's biggest real estate conglomerates.

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