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Another Chinese real estate developer misses a payment.


A Chinese real estate developer missed a key payment to foreign bondholders this week, heightening the persistent fears of a coming crisis in China’s real estate sector.The developer, Fantasia Holdings Group, a company specializing in luxury properties that was founded by the niece of Zeng Qinghong, a former vice president, said on Monday night that it had failed to make a final payment of $206 million. The disclosure surprised investors already on edge following two missed payments from China Evergrande Group, the world’s most indebted developer.Jittery investors sold shares of other developers on Tuesday, sending some stocks …

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