China’s Property Market Has Seized Up. Bondholders Aren’t Fazed.

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China’s Property Market Has Seized Up. Bondholders Aren’t Fazed.
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Creditors reckon big developers can tough out virus-related disruption, and think official support could help

The resilience of Chinese property debt contrasts with a steep decline in business, as developers have been forced to close sales centers across the country, and with a slide in property shares signaling that the sector’s earnings are likely to suffer.

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