Step in, try to save the companies connected to EverGrande, and risk becoming insolvent too.... Or Worst Case, exposing themselves as being almost insolvent to begin with, and then destroying the Entire Chinese Econ....
Don't step in, let it all crash, Watch how far reaching it becomes, then take the heat and Rioting, and blame for not doing something..... Possibly risking their own lives.... And yet, exposing themselves as being almost insolvent to begin with....
Start a War, any war, with anyone, kick in the War Machine to keep some semblance of Financial Solvency....
The CCP has three choices at this point...
Take your pick....