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Cleanup of China Evergrande collapse calls for coordination and clarity

HNA and GITIC bankruptcies underscore value of transparent resolution process

| China
An unfinished China Evergrande Group project in Hainan province: Legally, it will be difficult for foreign creditors to recoup their losses from the group's mainland assets.   © Reuters

Shitong Qiao is a professor of law at Duke University in Durham, North Carolina and author of the forthcoming "The Authoritarian Commons: Neighborhood Democratization in Urban China" (Cambridge University Press).

The collapse of China Evergrande Group, once the country's largest property developer, has presented Beijing with a critical dilemma.

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