A property sales centre in Zhongshan, in China’s southern Guangdong province. The slowdown in property sales will put significant pressure on China’s economy. Photo: Pearl Liu

Evergrande, Country Garden among Chinese developers cutting prices to boost sales, further weighing down sluggish economy

  • Property sector contributes 25 per cent of China’s domestic economic output, according to Moody’s
  • 2019 likely to see close to zero growth in the country’s new home sales, Oxford Economics says
Topic |   China property

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A property sales centre in Zhongshan, in China’s southern Guangdong province. The slowdown in property sales will put significant pressure on China’s economy. Photo: Pearl Liu
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