One of China’s biggest property developers, Country Garden, says it has burned through up to USD 7.6 billion in the first half of the year, compounding the crisis coursing through the country’s embattled real estate sector, CNN reported.
Beijing [China], July 24 (ANI): China Evergrande, the embattled Chinese property developer, has ousted its CEO and chief financial officer after authorities conducted an internal investigation into why bank seized over USD 2 billion from the firm's property services arm.
Beijing [China], May 21 (ANI): China's semi-official mouthpiece, the Global Times, has asked Chinese property developers to avoid showing interest in housing projects in India.