China: Builders struggle as property market downturn persists
Edited By WION Video Desk
Published: Apr 01, 2024, 05:50 IST | Updated: Apr 01, 2024, 05:50 IST
China's housing market slump shows no signs of abating. New home sales by the nation's 100 biggest developers plunged 46% in march compared to last year. This ongoing drought is squeezing major builders like country garden, which missed a deadline for reporting annual results, and china Vanke, whose net income tumbled 46% last year. Watch in for more details!
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