Lending curbs hit nation's property developers
By Henry Sanderson and Bonnie Cao | China Daily | Updated: 2011-05-21 07:53
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A real estate project on display in Hangzhou, Zhejiang province. Chinese developers are paying as much as 25 percent to borrow from private trust companies to avoid lending curbs. Shan He / For China Daily |
BEIJING/SHANGHAI - China's developers are paying as much as 25 percent to borrow from private trust companies. That's as property firms avoid lending curbs intended to control inflation and cut the risk of corporate default.
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