Bonds of the worlds most indebted real estate company slumped on Tuesday after Bloomberg News reported several large Chinese banks are restricting credit to the firm. Concerns about Evergrandes financial health are mounting as the developer struggles to convince banks and ratings companies it can execute on a deleveraging plan.
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Concerns about China Evergrande Groups financial health are mounting as the developer struggles to convince banks and ratings companies it can execute on an ambitious deleveraging plan.
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