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https://www.bloomberg.com/news/articles/2023-08-22/chinese-property-firms-owed-billions-by-cities-report-says
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Chinese Property Firms Owed Billions by Cities, Report Says - Bloomberg
8/22/23 at 3:17am
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Bloomberg
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Business & Industrial
China
Bloomberg
Local governments in some Chinese cities owe property developers 1 billion yuan ($137 million) to 2 billion yuan each in unpaid bills, according to a local media report, with pressure building on the authorities to pay their debt.
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