Developers continue to raise funds for land purchases
By Wang Ying in Shanghai | China Daily | Updated: 2013-05-23 05:35
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Models of residential property on display in Guangzhou. Provided to China Daily |
China's 10 largest property developers have raised nearly 38 billion yuan ($6.2 billion) in funding at home and abroad since the start of 2013, nearly equal to last year's total, and analysts say the borrowing binge is likely to continue.
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