In a fresh update on China Evergrande story, the indebted property development giant is likely to be restructured into three separate entities, in a fresh deal that could be announced within days, Asia Markets reports on Wednesday, citing sources close to the Chinese government. The sources added that the Chinese Communist Party (CCP) is set to take control of Evergrande in an imminent deal. “The deal is being designed to protect Chinese nationals who have bought apartments from Evergrande, like the ones you see protesting on the streets and also those who have invested in Evergrande’s wealth management products.” “But the big thing is stemming any widespread economic flow-on effects that insolvency would cause on the China economy.” The risk sentiment remains elevated on the renewed optimism surrounding China Evergrande. Although the above report has little to no impact on the risk trades, so far. NN: My analysis is clear. Fireman to the rescue. The decision has been made from on high. China will restructure evergrande and it will not fail nor default. I was sure China would see a evergrande collapse would bring down the house of cards the real estate market. Let me clear here the global bubble real estate market is an enormous house of cards and a 2008 style real estate crash will be soon upon us. No matter how many tent revivals real estate Donald Trump wanna be attend on bended knee praying Lord please make sure this time it different. Its not!!