China developers' 2016 profit up amid lingering bubble worries
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Hong Kong
DEVELOPERS China Overseas Land & Investment Ltd and Country Garden Holdings Company Ltd on Wednesday reported solid growth in 2016 core profit thanks to robust demand for homes in China's red-hot market.
The companies were the first major developers to report their 2016 results after Beijing stepped up moves to cool the market on concerns about a bubble, which could weigh on the developers' margins this year.
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