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China debt crunch

Evergrande crisis leaves projects stalled and buyers angry

Developer's debt crisis exposes cracks in China's real estate myths

Work on the Sunshine Peninsula development in the Guangzhou suburbs has come to a halt. (Photo by Yusuke Hinata)
YUSUKE HINATA and NORIYUKI DOI, Nikkei staff writers | China

GUANGZHOU/SHANGHAI -- The future site of Sunshine Peninsula, a massive 5,000-unit condominium development in the suburbs of Guangzhou, was silent in late September.

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