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China debt crunch

Evergrande favors domestic investors as default looms

Offshore bondholders last in line behind households, suppliers, local creditors

A woman walks by an Evergrande housing development in Beijing on Sept. 22: The Chinese developer's offshore bondholders "seem to be the last in the queue," according to one analyst.   © AP

HONG KONG -- China Evergrande has announced that it will make interest payments on domestically issued bonds, even as the property developer teeters on the brink of a dollar debt default, deepening suspicions among offshore investors that they will be last in line for repayment.

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