China Throws Lifeline to Builders Facing Record Wall of Debt
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Chinese developers facing a looming wall of debt repayments have been thrown a lifeline by regulators easing access to offshore financing. That won’t solve all their problems.
The nation reported the deepest slowdown in new home sales in almost three years on Tuesday, as local authorities have rolled out curbs to cool runaway prices and President Xi Jinping urges citizens to end their speculation on housing.
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Source : China Throws Lifeline to Builders Facing Record Wall of Debt