China Evergrande's financial woes take a bite out of suppliers

Property developer's spiraling debt crisis ripples far and wide

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Officials have ordered the demolition of dozens of buildings at troubled China Evergrande's manmade Ocean Flower Island in Danzhou over allegations of illegal building permits.

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- Angry bondholders aren't the only ones smarting from China Evergrande Group's spiraling woes.

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