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Developers continue to raise funds for land purchases

By Wang Ying in Shanghai | China Daily | Updated: 2013-05-23 05:35

Developers continue to raise funds for land purchases

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.

Developers continue to raise funds for land purchases

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