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Xinyuan Pays $112M For Land In New Chinese Biz District

By Kaitlin Ugolik (March 12, 2014, 6:09 PM EDT) -- Xinyuan Real Estate Co. Ltd. has purchased a parcel of land in Changsha City, Hunan Province, in a newly planned central business district for 688.9 million yuan (about $112.2 million), the residential developer announced Wednesday....

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