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単語数: 160語

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作成日: 2023/08/31 07:06

更新日: 2025/12/09 00:24

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China&#039;s largest property developer, Country Garden, has posted a net loss of 48.9 billion yuan, or about 6.7 billion dollars, for the January-to-June period, compared with a reported net profit of 612 million yuan a year earlier.
                
The company says a major factor in the loss was weak sales amid a slump in the real estate market. The firm also points out that it lowered the value of properties it is building.
                
Country Garden, based in Guangdong Province, was China&#039;s leading developer last year in terms of housing sales value. The firm was believed to be healthy when Evergrande Group fell into a financial crisis.
                
But Country Garden&#039;s performance has deteriorated sharply amid the ongoing property market downturn. It is also facing financial difficulties, delaying interest payments on some bonds.
                
China&#039;s real estate sector, including related industries, is said to account for about one-fourth of the country&#039;s gross domestic product. Concerns are rising about the outlook for the Chinese economy.

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