Evergrande Told to Fix Debt in Rare China Rebuke; Bonds Drop
- Regulators tell Evergrande to not spread untrue information
- The central bank and banking watchdog issue joint statement
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Financial regulators in Beijing told China Evergrande Group to resolve its debt problems and refrain from spreading “untrue” information, issuing a rare public rebuke of the developer as it struggles to stave off a liquidity crisis.