China's property giant Country Garden posts $24.3 bn loss for 2023
Beijing (AFP) Jan 14, 2025
Country Garden, once China's largest property developer, reported losses of $24.3 billion in delayed 2023 financial results on Tuesday. The figure jumped from the $825 million loss it recorded in 2022 as China's real estate sector slumped. The company also said it had lost $1.8 billion in the first half of 2024, according to interim results. Country Garden was "facing serious challe
Country Garden, once China's largest property developer, reported losses of $24.3 billion in delayed 2023 financial results on Tuesday. The figure jumped from the $825 million loss it recorded in 2022 as China's real estate sector slumped. The company also said it had lost $1.8 billion in the first half of 2024, according to interim results. Country Garden was "facing serious challe
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