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China debt crunch

Evergrande turmoil forces Chinese developers to prove strength

Property companies announce capital injections and bond redemptions

HONG KONG -- Chinese property companies are scrambling to demonstrate their financial strength in the wake of market turmoil over the troubles of leading developer China Evergrande Group.

In a flurry of exchange announcements beginning Monday evening, a string of small and midsize property companies announced new capital injections or redemptions of outstanding bonds, helping to calm Hong Kong's unsettled stock market.

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