China’s property developers have a habit of countering bad news with good. Bears expect a slowdown, given high net debt and government plans to rein in excessive borrowing. But core profits at big developers grew about 50 per cent on average in the most recent earnings reporting season. The sector cannot defy the bears for ever.
manbetx3.0 房地产开发商常常用好消息来反驳坏消息。鉴于净债务高企和政府计划遏制过度举债，空头人士预计房地产业增长放缓。但在最近的财报季，大型房地产开发企业的核心利润平均增长50%左右。然而房地产业不可能永远反驳空头人士。
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