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China Developers May Owe 187.8 Billion Yuan Taxes, News Reports

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June 4 (Bloomberg) -- 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.

Link to Company News:{002285 CH <Equity> CN <GO>}

To contact the reporter on this story: Jian Guo Jiang in Shanghai at

To contact the editor responsible for this story: Bloomberg News at