HONG KONG -- China Evergrande Group has warned for the first time that it may fail to repay its debts unless it is able to attract new investors and sell assets.
China debt crunch
China Evergrande warns of default risk if it fails to sell assets
Total liabilities rise despite developer's efforts to pare back debts
Evergrande NEV has unveiled nine models and spent billions of dollars but has yet to sell any cars. © Reuters
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