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One of China’s premier developers reported the country’s property current market has tumbled into a significant despair, utilizing some of the strongest language still to describe the yearlong downturn and the economical suffering it has caused.
Country Garden Holdings which for many years rated as China’s major actual-estate developer by contracted sales, on Tuesday described a 96% drop in initially-half income just after selling a 3rd much less households than it did a year back.
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