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China’s property crisis could get even uglier. This time, a state-backed developer is the one raising concerns.

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Beijing says property developers in deep trouble must go bankrupt

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Workers inside the construction site of a residential project developed by Vanke in Nanjing in east China’s Jiangsu province.Fang DongXu/Feature China/Future Publishing/Getty Images)

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China’s property crisis could get even uglier. This time, a state-backed developer is the one raising concerns.

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Beijing says property developers in deep trouble must go bankrupt

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China’s property crisis could get even uglier. This time, a state-backed developer is the one raising concerns.

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