Country Garden, one of China's biggest property developers, has warned it could post a financial loss of up to $7.6 billion (£6 billion) for the first six months of the year, adding to fears about the health of the world's second largest economy and its exposure to real estate.
Leading Chinese Developer Warns of Giant Financial Loss
Country Garden Update Adds to Concerns About Property Downturn's Impact on China
By Paul Norman
CoStar NewsAugust 11, 2023 | 11:19 AM
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