After the housing market collapses, who will pay the bill?

楼市崩盘来临后 谁会为房产泡沫破裂埋单? Some highlights from the article. Of the 139 A-share listed real estate developers, 80% saw their debt levels increase during the third quarter. Land sales accounted for 38.9% of local government tax revenue in 2006 and that figure rose to 65.9% in 2010.

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