HONG KONG -- Mainland China's distressed developers are issuing a steady string of loss warnings for the first half of the year, with the red ink piling up to over $8 billion over the past week alone.
China debt crunch
China developers' loss warnings exceed $8bn in past week alone
Kaisa reports more red ink; Sunac takes big blow despite Xi's 'bright prospects'
A real estate property developed by Kaisa Group Holdings in Beijing. The company's losses continue to pile up. © Reuters
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