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<CN Home>Risks for CN Property Firms Can Be Resolved, But They Should Not Rely on External Help or Be Slow to Act: CN State Media
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Certain Chinese property developers are facing risk factors affecting the orderly operation of the market due to "Three highs" (high leverage, high debt, and high turnover) from previous years, as the media supervised by China's Ministry of Housing and Urban-Rural Development, China Real Estate News, published an editorial stating. However, there is no need for excessive worry, stated the article, as these risks can be resolved. The editorial emphasized that Chinese property developers should not indulge in the halo of "Fortune Global 500" and economic tax benefits amid the "Three highs", and then "wait for, rely on, and demand external help", or pledge and take away quality assets when risks overflow, allowing risks to undermine efforts to stabilize the overall market and create obstacles for future market-based solutions. AASTOCKS Financial News Website: www.aastocks.com |
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