Tianjin might still help fund Tianjin Real Estate Group, if its default downgrades the credit profile of the municipal government. Photo: EPA-EFE

Tianjin government-backed property firm may default as China’s deleveraging campaign reaches state-owned sector

Tianjin Real Estate Group fails to issue repayment plan, prompting a warning to investors by China Citic Trust

Topic |   Banking & Finance

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Tianjin might still help fund Tianjin Real Estate Group, if its default downgrades the credit profile of the municipal government. Photo: EPA-EFE
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