Sales at one of China’s largest property developers fell by more than a third last year as the country’s real estate market struggled to emerge from a slowdown now in its fourth year.
Revenues at Country Garden fell 37 per cent to Rmb253bn ($35bn), the biggest annual drop for the group since a nationwide property crisis began in 2021 with the collapse of developer Evergrande.
Country Garden narrowed its loss to Rmb32.8bn after a record Rmb178bn in 2023, which was driven by a series of writedowns.
您已阅读18%（499字），剩余82%（2291字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。