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China residential sector primed for shake-up as downturn drains cash

Developers' cash to short-term debt ratios at two-year lows, study shows

[HONG KONG] An oversupply of residential property and a market slowdown have left Chinese developers with their worst cash crunch in more than two years, revealing the extent of China's real estate downturn and paving the way for further consolidation in the sector. A Reuters study of more than