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China debt crunch

China Evergrande is a day away from default. What happens next?

Day-to-day operations expected to continue while developer awaits bankruptcy

China Evergrande Group's headquarters in Hong Kong. The company is considered the world's most indebted property developer, with a total of $300 billion in liabilities.   © AP

SHANGHAI -- With China Evergrande Group just a day away from defaulting on a dollar denominated bond, investors are focusing on three questions -- what happens to the property developer's other outstanding debt, does it cease operations after default, and will it end up in legal bankruptcy proceedings?

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