China Evergrande building in HK
SINGAPORE: China Evergrande slipped toward a kind of limbo on Friday as time ticked away on an interest payment deadline which global markets are watching for signs of default, leaving investors on tenterhooks over the embattled property giant's fate.
The company owes $305 billion, has run short of cash and markets are worried a collapse could pose systemic risks to China's financial system and reverberate around the world.
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