Slump drives home sellers to the wall

Tight credit and weak markets are pushing some property companies to the brink, reports Hu Yuanyuan

An increasing number of Chinese property developers are facing the threat of bankruptcy as their credit dries up and weak sales have cut their cash flow to a trickle.

"We welcome investment from any company that can address our problems," Guo Yaoming, chairman of Guang Real Estate Group Co Ltd, told Southern Metropolitan News.