China’s yuan was trading at 6.8356 against the greenback on Monday morning, down about 10 per cent from its peak in March, an alarming state of affairs for developers who have recently issued US dollar-denominated debt. Photo: Xinhua

Chinese property developers squeezed by weaker yuan, rising cost of overseas debt

Topic |   China property

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China’s yuan was trading at 6.8356 against the greenback on Monday morning, down about 10 per cent from its peak in March, an alarming state of affairs for developers who have recently issued US dollar-denominated debt. Photo: Xinhua
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