SHANGHAI -- China Evergrande Group, the country's most indebted private borrower, vowed on Wednesday to bring its finances into compliance with "three red lines" set last year by Beijing to restrict further borrowings by property developers and contain risk.
China debt crunch
China Evergrande vows to meet Beijing's 'three red lines' by 2023
Property developer says quarterly debt reduction exceeded target level
China Evergrande Group was the largest of eight Chinese developers seen as failing three mandatory government debt metrics as of January by UBS. © Reuters
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