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China’s real estate slump crimps earnings at China Resources Land, China Overseas Land and other developers


The hit to the bottom line is hitting China’s developers hard, underscoring the long path ahead as they struggle to sell homes, in an economy hobbled by the slowest annual growth pace in a generation, to pay their looming debt.

Source : South China Morning Post
Read more…China’s real estate slump crimps earnings at China Resources Land, China Overseas Land and other developers

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