China’s property market was abuzz last week after a photo distributed online showed a bank letter demanding early repayment of a personal loan of nearly 300 million yuan (US$46 million).The letter, issued by the Shanghai branch of a Chinese bank, requested the full repayment of the principal loan and the interest by the end of March “because the borrower failed to fulfil the purpose of the debt according to the loan agreement.”The notification letter was posted online on Wednesday and had been…
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