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
Topic |   China property

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China Evergrande is the third-largest property developer on the mainland by sales. Photo: Reuters
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