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China debt crunch

China Evergrande misses another bond payment

Company says work on 20 suspended development projects has resumed

Holders of Evergrande's dollar bonds are seeking to join forces to press their claims.   © Reuters

HONG KONG -- China Evergrande Group has missed a second bond coupon payment in as many weeks, renewing concerns over its ability to repay over $300 billion in liabilities.

Evergrande, the world's most indebted developer, has little cash left and has missed payments to suppliers, banks and retail debtholders too. It was due to pay $46 million in interest to holders of an offshore bond by 11:59 p.m. Wednesday New York time, but two investors said on Thursday that they had neither received payment nor any notice from the company.

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