China Evergrande Group said on March 30 it will sell its Crystal City Project in the eastern city of Hangzhou for 3.66 billion yuan ($575 million) to two state-owned firms as the group’s liquidity issues dampen the progress of its projects. The firm is selling the land-use and building ownership rights for the project, which is under construction, to Zhejiang Zhejian Real Estate Group and Zhejiang Construction Engineering Group, Evergrande said in a filing. It will use the proceeds to repay construction fees of 920.7 million yuan (about $144.7 million) owed to Zhejiang Construction Engineering and the rest for its own general working capital. The deal is expected to post a gain of about 216 million yuan (about $33.9 million). Saddled with over $300 billion in liabilities, Evergrande has been struggling to repay suppliers, creditors, and complete its projects. In a separate filing late on March 29, Evergrande said it …