China Evergrande braces for another debt deadline

China Evergrande braces for another debt deadline

A logo of Evergrande Group is seen in front of a construction site in Guangzhou, Guangdong province, November 7, 2014. REUTERS/Alex Lee

After lurching from deadline to deadline, China Evergrande Group is again on the brink of default, with its pessimistic comments condemning its stock to a record low just as direct state involvement raises hope of a managed debt restructuring.