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Credit crunch in China hurts property developers

Posted on 17 October 2011

Property developer Zhang Xin made a fortune over the past decade on the back of a building boom fuelled by China’s blistering economic growth and the privatisation of its housing market.
Now the co-founder of SOHO China, one of the nation’s leading developers, is worried Beijing’s efforts to cool the sector are hurting sales and threatening to send some debt-laden property developers to the wall……………………………………….Full Article: Source


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