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Investors Sell Off Chinese Real Estate Stocks

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Investors continued to sell off shares in China’s real estate companies, wary of Beijing’s ongoing effort to stabilize the sector. The Hong Kong Stock Exchange’s property index, which tracks 52 real estate companies, fell 4.9 percent on Thursday to close at its lowest level since 2017, according to the Wall Street Journal. The Chinese government began watching the property sector more closely last year as concerns mounted over some developers’ heavy debt load. China Evergrande The post Investors sell off Chinese real estate stocks appeared first on The Real Deal New York.

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