HONG KONG -- The severity of the financial damage to China's distressed property developers is becoming clear.
China debt crunch
China's distressed property developer losses start to pile up
Evergrande withdraws New York bankruptcy application
Kaisa Group Holdings, a midsize developer in default, says its net loss for 2023 is expected to have widened from the year before, an example of flowing red ink in China's distressed property sector. © Reuters
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