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China debt crunch

Evergrande debt deadline passes with 'no sign of payment': report

Chinese developer faces new risk to restructuring and housing construction

Residential buildings are under construction as part of an Evergrande development project in Suzhou, Jiangsu Province.   © Reuters

SHANGHAI -- China Evergrande Group appears to have missed another bond payment deadline, potentially complicating the embattled property developer's ongoing attempts to restructure offshore debt and complete housing projects.

The due date on two dollar bond coupons came and went Tuesday "with no sign of payment," according to a report by Bloomberg News. Evergrande has a 30-day grace period before the debt is declared in default.

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