China Property Crisis : Country Garden & Longfor bond plunge triggering halt
#1

Collapsing one by one. First collapse are really lousy ones. Now collapse has moved to next tier  better developers.
the China govt allow this crisis to fester and rot.

Really going downhill

Chinese property developers came under heavy selling pressure as domestic bonds of Longfor and Country Garden slumped 36% and 20% before triggering trading halt. LONGFOR GROUP (00960.HK) [size=11] -1.660 (-11.231%)   [/size][size=11] Short selling $132.46M; Ratio 23.224%   [/size]and COUNTRY GARDEN (02007.HK) [size=11] -0.090 (-7.438%)   [/size][size=11] Short selling $144.69M; Ratio 30.590%   [/size]tumbled 11% and 10% to log almost-5.5-year low and new listing low respectively. CG SERVICES (06098.HK) [size=11] -0.710 (-8.776%)   [/size][size=11] Short selling $58.75M; Ratio 15.475%   [/size]plunged 8.4%% to all-time low.

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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