BEIJING -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.
"In light of the current liquidity status ... there is no guarantee that the group will have sufficient funds to continue to perform its financial obligations," Evergrande said, adding that creditors may demand accelerated repayment if it does not. The Guangdong authorities were not the only government entity to wade into the Evergrande issue on Friday.
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