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China's Guangdong province on Friday summoned the chairman of China Evergrande Group after the real estate developer said there was "no guarantee" it would have enough funds to meet debt repayments, while regulators sought to reassure markets.
www.reuters.com
Evergrande might not be a household name outside of mainland China but their default on the US$300 billion debt may have a very damaging impact on the world financial market.