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China debt crunch

Evergrande sued by China state-owned builder over $62m bill

Indebted developer abandoned plans this week for special dividend

HONG KONG -- China Evergrande Group has been sued by a state-owned construction company over nonpayment of 401 million yuan ($62 million), underscoring the liquidity crunch at the world's most indebted property developer.

Huaibei Mining Holdings, which is majority-owned by Anhui Province's state-owned Assets Supervision and Administration Commission, said on Thursday it had filed a lawsuit on July 26, claiming the outstanding bill and penalties from a unit of Evergrande.

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