GUANGZHOU/TOKYO -- Chinese property developers' cash crunch has started to hit home for Japanese-backed elevator suppliers whose fortunes had risen with those of debt-laden China Evergrande Group and its peers.
Property
China real estate slump takes Japan elevator makers along for the ride
Unpaid bills from Evergrande and peers pile up at Mitsubishi Electric and Hitachi units
Unfinished residential buildings developed by China Evergrande Group. The real estate company's debt crisis has left it struggling to pay suppliers. © Reuters
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