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China debt crunch

China Evergrande faces default test as bond coupons come due

Investors protest missing payments on wealth management products

Investors gather at China Evergrande's headquarters in Shenzhen on Sept. 13 to demand repayment.    © Reuters

HONG KONG -- China Evergrande Group's efforts to placate its creditors are facing crucial tests.

For the past three days, investors who bought wealth management products from the group have been protesting at its offices in Shenzhen to demand repayment. Next week, the focus is due to turn to bondholders as the company faces a string of 15 coupon payments through the rest of 2021, totaling $850 million.

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