China’s Largest Property Developer Country Garden suffers 70% Plunge in Real Estate Crisis August 22, 2022 Unipro2013main Geo Politics, World Politics - Geopolitics </p> <h2>Chinese Real Estate Developer</h2> <p> 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.<br /> According to its filings on Thursday, August 16, the company’s net core profit was 4.5 billion yuan to 5 billion yuan ($660 million to $735 million) for the first six months of 2022, down from 15.2 billion yuan ($2,2 billion) a year earlier.<br /> <br /> Credit to : Spotlight on China</p> <p> Please support our Sponsors here :
