China Evergrande is the third-largest property developer on the mainland by sales. Photo: Reuters
China Evergrande first major mainland developer to report profit decline as cooling measures hit sales
- The country’s third-largest property developer reports its first profit decline since H1 2016
- Sales ease 7.4 per cent in the first half as cooling measures bite
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China property
China Evergrande is the third-largest property developer on the mainland by sales. Photo: Reuters