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How China Evergrande Landed In Crisis Mode Again: A Timeline

Evergrande's Hong Kong Properties as Banks Rethink Mortgage Halt After Queries From HKMA
Photographer: Lam Yik/Bloomberg

The clock is ticking for China’s most indebted developer to find a way out of a looming credit crunch.

This month alone, China Evergrande Group has endured multiple credit-rating downgrades that sent its stock and bonds tumbling, only to see them recover briefly after it confirmed talks to sell some prized assets and as creditors extended liquidity relief to help it pay overdue bills.