Liangping Gao and Ryan Woo;
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Chinese regulators tell home buyers: 'Be careful when making payments'
Chinese housing regulators are telling home buyers to exercise caution when making payments on purchases, amid concerns that funds are illegally siphoned away by developers in a sector that is facing a severe liquidity crunch. Chinese housing regulators are telling home buyers to exercise caution when making payments on purchases, amid concerns that funds are illegally siphoned away by developers in a sector that is facing a severe liquidity crunch.