SHANGHAI -- Local Chinese authorities have announced they would send a team of risk managers to China Evergrande Group as the troubled property giant said it intended to work with creditors on a plan for restructuring its offshore debt.
China debt crunch
Chinese authorities summon Evergrande chairman, send in risk managers
Troubled property group looks to restructure offshore debt in talks with creditors
China Evergrande said there was no guarantee that it would have enough funds to meet its financial obligations. © Reuters
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