Chenjia Town's expansion was partly paid for with a 800 million yuan (HK$1 billion) bond sold through a financing unit last year.
Chenjia Town's expansion was partly paid for with a 800 million yuan (HK$1 billion) bond sold through a financing unit last year.
Property /  Hong Kong & China

Town's property booms while China slumps

Rising debt fuels real estate in a mainland town, highlighting local government's fiscal dangers

BLOOM

Updated: 4:39am, 11 Jun, 2014

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Chenjia Town's expansion was partly paid for with a 800 million yuan (HK$1 billion) bond sold through a financing unit last year.
Chenjia Town's expansion was partly paid for with a 800 million yuan (HK$1 billion) bond sold through a financing unit last year.
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