Saturday, April 21, 2012

More Chinese developers file for bankruptcy ... - The Finance Room

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HONG KONG (Reuters) - More Chinese property developers have filed for bankruptcy, the South China Morning Post reported on Friday, as some small real-estate companies struggle after more than two years of measures by Beijing to curb home prices in China. Guangdeye Property Development, based in Shunde in the southern province of Guangdong, has declared bankruptcy, unable to pay back debt, the newspaper stated, citing the Shunde People's Court. ...

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