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Caixin Global
Caixin Global
Business
Wang Jing and Denise Jia

Chinese Property Developers Signal Barrels of Red Ink for 2022

What’s new: Chinese property developers expect to report barrels of red ink for 2022 as sales declined and the value of their unsold homes fell.

As of Feb. 21, 66 of 119 publicly traded Chinese real estate companies issued 2022 earnings estimates, and 38 said they expect to report a net loss, data from Wind Information Co. showed.

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