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In Chinese property, investment grade names suffer from high yield woes

As Evergrande and Kaisa default on US dollar notes and Shimao was downgraded to non-investment grade, will more Chinese developers follow suit?
In Chinese property, investment grade names suffer from high yield woes

Investment-grade Chinese property developers are not immune from the ongoing debt troubles of their high-yield peers as they face a liquidity crunch, falling stock prices and potential ratings downgrades.

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