Government think tank met property developers amid cash crunch, research warns possible hard landing in real estate sector

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The Development Research Center, a think tank under the State Council, China's cabinet, held a meeting with mainland property developers and financial institutions in Shenzhen amid market concerns over a deepening cash crunch in the real estate sector.

Representatives from leading developers such as China Vanke and Kaisa Group, real estate industry associations, as well as financial institutions including Ping An Bank, China Citic Bank, China Construction Bank and CR Trust attended the meeting . . .

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