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China debt crunch

China Evergrande misses bond payment deadline

Troubled property group has 30 days to catch up before considered in default

Security guards stand sentry on Friday outside Evergrande's headquarters in Shenzhen where creditors had gathered the week before to demand payment.     © AP

HONG KONG -- China Evergrande Group, the world's most indebted property developer, inched closer to its maiden bond default after it failed to make a coupon payment as scheduled to at least some investors, two people familiar with the matter said.

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