Beijing is debating whether to offer a bailout to indebted property developer Evergrande, as the crisis shakes global stock markets.
The developer is due to make the latest round of payments on its $300bn debt today (21 September), and has warned investors and lenders that it will default.
President Xi is determining whether he can allow the corporate giant to go bust in what is being dubbed “China’s Lehman Brothers crisis”, and the most acute test of its approach to capitalism.
