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S&P lifts developers' short-term outlook to 'neutral'
(China Daily/Agencies)
Updated: 2009-08-05 07:51 Chinese developers' short-term outlook was raised to neutral from negative by Standard & Poor's on a recovery in the nation's real estate market.
Liquidity pressure on the developers has alleviated partly because more funding channels become available at home and abroad, helping credit profiles of some businesses in the first six months this year, according to the credit assessor. Volatility is expected to continue due to China's tentative economic recovery, possible policy changes and signs of a property bubble, Fu said in the report. (For more biz stories, please visit Industries)
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