- Written by Super User
The largest real estate development company in China, "Country Garden", announced Thursday its first annual losses in 15 years, at a time when this sector in China is facing a serious crisis that threatens the future of other companies. In a country where buying property is often considered a precondition for marriage and a necessary investment.
However, in an effort to reduce the sector's indebtedness, the Chinese authorities have tightened, starting in 2020, the conditions for obtaining credits for real estate developers.