HONG KONG -- A select group of state-backed Chinese property developers are emerging as relative "winners" in the crisis engulfing the country's real estate sector, as they take advantage of private rivals' distress.
Property
State-backed companies emerge as 'winners' in China real estate crisis
Bleak overall outlook for sector as sales tumble and losses mount
Apartment buildings under construction in Beijing in July. Analysts say the real estate sector is suffering from a crisis of confidence © Reuters
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