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China's troubled property sector: Is the big storm only just approaching? | DW Business

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Troubled Chinese property developer Country Garden avoided default this week as it made interest payments on bonds hours ahead of a deadline. Last week, the company reported a record nearly $7 billion loss in the year's first half. But even as the Central government rolled out a raft of measures to bolster the market, many consumers say it's still too expensive to buy homes.

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#russia #countrygarden #realestate
Category
Europe
Tags
DW News, China, property
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