06.07.2012 - China indomitable developers – passing the debt parcel
China’s property developers have shown themselves to be the great survivors of China’s economy. After two years of having sales squeezed from one end and their supply of credit squeezed from the other, the industry has so far managed to hold out against steep price cuts and significant consolidation. In large part that’s because developers have been able to tap non-traditional sources of finance – albeit at a much higher cost – even when Beijing thought it had turned off the tap...............................................Full Article: Source
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