NEW YORK -- China Evergrande Group filed for bankruptcy in New York on Thursday, seeking to protect its U.S. assets from creditors as it undergoes restructuring.
China debt crunch
China Evergrande files for bankruptcy protection in New York
Move comes amid growing fears that China's property-sector woes could spread
Evergrande sought protection under a U.S. Bankruptcy Code chapter that shields non-U.S. companies undergoing restructuring from creditors hoping to file suit or tie up assets in the U.S. © Reuters
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