132 views Dec 5, 2022
Last month, the Chinese regime rolled out more supportive policies to salvage the ailing property market. But latest research data show that the sales performance of the top 100 Chinese real estate companies slumped in the first 11 months.

According to a recent CRIC Research Center report, total sales of the top 100 Chinese housing firms from January to November plunged by more than 40% year-on-year. November’s sales alone dropped by more than 25%.
This year, commercial housing sales may shrink to less than $2 trillion (14 trillion yuan).