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Investors gather at Evergrande's headquarters in the southern Chinese city of Shenzhen to demand their money back. (Source photos by AFP/Jiji) 
Market Spotlight

China Evergrande: Investors assess risks of likely default

Crisis at Chinese property developer threatens the bond market, housing market and wider economy

NARAYANAN SOMASUNDARAM, Nikkei Asia regional finance editor | China

HONG KONG -- The intensifying crisis at China Evergrande Group, the world's most indebted property developer, is causing tremors across Chinese markets and stoking fears that there could be damaging consequences for the nation's financial system.

International investors are no longer just shunning Evergrande's bombed-out bonds. Debt issued by other stretched developers has also slumped. Banks with exposure to the Chinese property sector are coming under scrutiny.

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