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Chinese property developer CIFI warns of US$2 billion loss for 2022

Summary by South China Morning Post
The Shanghai-based firm’s profit warning reflected the predicament of China’s property sector, which has been mired in a record slowdown and deep liquidity crunch.

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Chinese property developer CIFI warns of US$2 billion loss for 2022

The Shanghai-based firm’s profit warning reflected the predicament of China’s property sector, which has been mired in a record slowdown and deep liquidity crunch.

·Hong Kong
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South China Morning Post broke the news in Hong Kong on Saturday, March 11, 2023.
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