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Foreign Investors Buying China Developer Dollar Bonds: News

MNI (Singapore)

Foreign investors, including Goldman Sachs, are buying Chinese developers' dollar bonds at low prices at a time when frequent defaults on these bonds by cash-strapped developers caused widespread panic, the PBOC-run newspaper Financial News reported. The prices on some developers' dollar bonds have rebounded after they bought back some to shore up confidence, the newspaper said. The financing conditions of developers have mostly normalized with real estate loans surging in October by as much as CNY200 billion from September, the newspaper said.

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