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Country Garden Holdings Company Limited (DZJ.F)

Frankfurt - Frankfurt Delayed Price. Currency in EUR
0.0678+0.0013 (+1.95%)
At close: 08:05AM CET
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    China’s Property Crisis Is Causing Pain for Many. ‘All We Can Do Is Wait.’

    China’s now four-year real-estate crisis continues to rile investors who haven’t been paid, and buyers whose homes were never completely finished. The property sector produces about a quarter of China’s annual economic growth, and it comprises roughly 70% of household wealth, as citizens have long thought of it as the safest place for their savings. The problems are leading to losses for domestic and overseas investors, to a wave of layoffs from distressed firms.

  • Bloomberg

    China’s property crisis is starting to ripple across the world

    Chinese investors and their creditors are putting up “For Sale” signs on real estate holdings across the globe as the need to raise cash amid a deepening property crisis at home trumps the risks of offloading into a falling market.

  • South China Morning Post

    China property: Sunac, Country Garden projects among property developments added to local governments' 'whitelists', to get financial support from banks

    Sunac China Holdings, Shimao Group, CIFI Group and Country Garden Holdings are among property developers whose projects have been included in "whitelists" by local governments in mainland China, a mechanism that qualifies their projects for financial support from banks. While Beijing-based Sunac had 90 projects cleared for loan applications on Monday, Shanghai-based developers Shimao and CIFI had 16 and 18 projects, respectively, added to whitelists over the past week, according to local media r