Saturday, April 21, 2012

Bankruptcies ripple through Chinese ... - 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 failures ripple through small real-estate companies after more than two years of measures aimed at curbing 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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