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Tough year looms as China's real estate developers face record wall of debt

Regulators have choked off a key source of funding; curbs are likely to hit smaller builders harder

Beijing

FOR China's highly leveraged real estate developers, 2017 could be the year that the borrowing binge finally catches up with them.

Regulators have choked off a key source of funding, with the Shanghai Stock Exchange raising the threshold for property firms to sell bonds on

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