While home sales have been decreasing, the floor space of new property construction dropped by 25.2 per cent on the mainland in the first quarter. Photo: Reuters

China's property developers' default risk poses funding threat

Moody's warns collapse of Zhejiang Xingrun Real Estate will have consequences for mainland developers' ability to raise funds

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While home sales have been decreasing, the floor space of new property construction dropped by 25.2 per cent on the mainland in the first quarter. Photo: Reuters
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