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Caixin

In depth: Why offshore bonds of Chinese developers are tanking

Low prices lure bargain hunters, but officials say Evergrande mess controllable

Even amid rising default risks, investors are still hunting for bargains in bonds issued by Chinese developers.   © Reuters

China's tightening of credit to the real estate sector and the debt crisis at China Evergrande Group have sent yields on the country's riskier notes to the highest level in a decade, making it hard for Chinese developers to borrow by selling offshore dollar bonds and threatening a wave of defaults.

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