Beijing, Jan 14, 2025 (AFP) - China's property giant Country Garden posts $24.3 bn loss for 2023

NAMPA / AFP

2025-01-14

Country Garden, once China's largest property developer, reported losses of $24.3 billion in delayed 2023 financial results on Tuesday. The figure jumped from the $825 million loss it recorded in 2022 as China's real estate sector slumped. The company also said it had lost $1.8 billion in the first half of 2024, according to interim results. Country Garden was "facing serious challenges such as declining sales rate and credit crunch in the marke......

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