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China developer rescue more grey knight than white
Published Sun, Feb 8, 2015 · 09:50 PM
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Hong Kong
CHINA'S property market has too much property and too little market. The murky rescue of developer Kaisa makes that imbalance a little worse. The Shenzhen-based group is a study in high-speed failure. In the past two months it was blocked from selling some properties by local authorities, defaulted on a…
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