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.

Published 3 months ago

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South China Morning Post

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.

3 months ago·Hong Kong

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