Another Chinese developer unable to make the debt payment.
Much smaller than Evergrande but showing how this is spreading.
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Another Chinese developer unable to make the debt payment.
Much smaller than Evergrande but showing how this is spreading.
Posted Using LeoFinance Beta
I am not surprised since they were probably following Evergrande's model. So in a way, once money coming in dried up, they found it hard to raise enough cash.
Posted Using LeoFinance Beta