Bond proceeds seep into property
By Henry Sanderson | China Daily | Updated: 2011-11-25 07:30
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A man erects an advertisement for an upcoming housing project on the outskirts of Shanghai. Nearly 60 percent of companies that filed bond prospectuses since May have invested in the property market. Qilai Shen / Bloomberg |
BEIJING - Almost 60 percent of the Chinese companies that sold bonds in the past six months invested in the property market, undermining government efforts to limit real estate fundraising and curb inflation.
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