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Goldman wakes in fright to $60tr China property monster

Goldman wakes in fright to $60tr China property monster
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Various markets agog with childlike cheer

Realty sector on steady growth track-Eastday

From:ChinaDaily   |  2021-07-07 07:42 Project quality, customer services and better management key drivers for firms A total of 19 real estate developers in China said their sales revenue exceeded 100 billion yuan ($15.47 billion) in the first half, which experts said was not only due to the low base in COVID-19-savaged 2020, but also led by China s strong recovery and stabilization of the sector s performance. The nation s 100 largest real estate companies saw average sales revenue from January to June soar 40 percent year-on-year to 69.3 billion yuan despite tightening measures on land and financing. Their combined market share hit 56.6 percent, according to data collected by the China Index Academy.

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