China Developers May Owe 187.8 Billion Yuan Taxes, Securities News Reports

China’s property developers may owe a combined 187.8 billion yuan ($27.5 billion) of unpaid value- added land taxes from last year, the Shanghai Securities News reported today, citing estimates by Shenzhen World Union Properties Consultancy Co.

To contact the reporter on this story: Jian Guo Jiang in Shanghai at jjiang@bloomberg.net

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