News Analysis Investors of Kaisa Group, one of China’s most active real estate developers, on Nov. 3 unexpectedly received a notice of overdue debt defaults from the company. A similarly unexpected default happened just one month earlier with another real estate developer, Fantasia Holdings. Ji Da, China affairs expert who lives in the United States, told The Epoch Times that the reason property companies like Fantasia and Kaisa catch so much public attention is that they are involved in a power struggle at the top of the Chinese Communist Party (CCP). Their fortunes seem to reflect what is happening with the infighting and purges among the CCP’s different factions. “How come the real estate developers who used to call the shots can’t even borrow money now, and have to break their contracts? “That’s because the political power behind them is no longer viable,” Ji said. This is not the first time that …