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Since the housing bubble burst in China last year, prices have been in free-fall for eight months now. However, some people see signs of a bottom after the latest prices for April were released.
The Chinese property developer Kaisa Group Holdings LTD. boldly promises to “bring you joyful living.” For some of its international bond holders, the reverse seems to be the case as two of its U.S. dollar bonds officially defaulted on April 20.
