Problems at Chinas indebted property developer Evergrande have escalated in recent weeks. 7 indicating that it viewed a default of some kind as probable.
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Fitch downgraded China Evergrande Group to CC from CCC on Sep.
Evergrande default. Evergrande is once again warning that it could default on its huge debts as it struggles to cut costs or find anyone to buy some of its assets. It has warned investors twice in as many weeks that it could default. Evergrande has been scrambling to.
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