China’s Largest Property Developer Country Garden Suffers 70% Plunge in Real Estate Crisis
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13 views • 08/24/2022

https://gnews.org/post/p1bvd8cda

08/21/2022 Spotlight on China: The profit of Chinese real estate developer Country Garden dropped sharply by as much as 70% for the first half of the year amid the country’s escalating property crisis.  Cash strapped developers with limited funds, unfinished apartments, falling home prices and shrunk demand contribute to investors sentiment over the sector.

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