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China debt crunch

China Evergrande abandons corporate headquarters

Embattled developer to save costs by leaving high-profile Shenzhen location

China Evergrande Group's name began disappearing from at least one side of its headquarters building on Monday. (Photo by Yusuke Hinata)

SHENZHEN/HONG KONG -- Embattled property company China Evergrande began removing its name from its corporate headquarters in Shenzhen on Monday.

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