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China property trusts face rising default risks

The trust funds must repay 634b yuan of debt this year, up 50% from last year

[SHANGHAI] China's property trusts, grappling with repayments equivalent to the size of Puerto Rico's economy, face rising default risks as a former central bank adviser dubs real estate the biggest threat to the economy.

The trust funds must repay 634 billion yuan (S$130.84 billion) of

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