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BUZZING· 70%13m·2021-11-18·Money
BUZZING· 70%13m·2021-11-18·MoneyChinese State Owned Developers Rescue Local Governments!
Patrick Boyle On Finance
Send us a textChinese state-owned developers are rescuing cash-strapped local governments in China by stepping to the fore at land auctions previously dominated by private sector groups like Evergrande.State-owned bidders include highly leveraged local government finance vehicles, which have traditionally focused on…
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