China's property developers face uphill battle

Author: 

China Daily

Publication date: 

Thursday, 8 May 2014

Type: 

  • Article

Producer: 

External to ACUI

Project theme: 

Document: 

China's property developers face an uphill battle as home sales decline and profits shrink. Among the 117 developers listed on the Shanghai and Shenzhen stock exchanges, 61 posted shrinking profits or even losses for the first three months, according to statistics compiled by property agency Centaline Property published on Tuesday.