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China's property crisis could get even uglier. This time, a state-backed developer is the one raising concerns.
China's years-long real-estate debt crisis has already taken down property giant Evergrande, which is currently undergoing liquidation.
Workers inside the construction site of a residential project developed by Vanke in Nanjing in east China's Jiangsu province.Fang DongXu/Feature China/Future Publishing/Getty Images)
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