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Losses Mount for China's Top Homebuilder.

Authors :
DAISUKE WAKABAYASHI
Source :
New York Times. 8/31/2023, Vol. 172 Issue 59897, pB3-B3. 1/2p.
Publication Year :
2023

Abstract

The article focuses on China's major homebuilder, Country Garden, reporting significant losses of 7.1 billion U.S. dollar in the first half of the year, highlighting the ongoing financial crisis in China's real estate sector due to excessive borrowing and slowing economic growth.

Details

Language :
English
ISSN :
03624331
Volume :
172
Issue :
59897
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
171297901