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China developers priced for disaster are bargains to Goldman, Citigroup

The easy availability of credit sent home values soaring as much as 62% last year in some big cities such as Shenzhen.


CHINA'S property developers are in far better shape than their rock-bottom stock valuations would have you believe. So say top analysts from firms including Goldman Sachs Group Inc and Citigroup Inc.

As curbs to cool property prices have pushed equity values down near

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