Chenjia Town's expansion was partly paid for with a 800 million yuan (HK$1 billion) bond sold through a financing unit last year.
Town's property booms while China slumps
Rising debt fuels real estate in a mainland town, highlighting local government's fiscal dangers
Chenjia Town's expansion was partly paid for with a 800 million yuan (HK$1 billion) bond sold through a financing unit last year.