The report by the Wall St Journal says that local authorities are asking local governments to brace themselves for the downfall of Evergrande, signaling a reluctance to bailout the debt-saddled company, according to officials familiar with discussions.
Adding that the actions are being ordered as "getting ready for the possible storm" and that local governments agencies and state-owned enterprises have been called to only step in at the very last-minute should Evergrande fail to get things in order.
The headlines today on Evergrande are a little all over the place but if this is to be believed, then it perhaps points to a different angle when viewing the earlier story here.
The anxiety is starting to kick in a little with S&P 500 futures now trimming gains to 0.5%. Hang Seng futures have also fallen lower on the report so that may set up a bit of a poor showing in Asia tomorrow so just be wary.