People in face masks near a propaganda sign in front of residential buildings under construction in Xianning, Hubei province, the epicentre of the coronavirus outbreak. Photo: Reuters

Mainland developers including Poly Property, China Resources accelerate sales to shore up cash flow to minimise impact of Covid-19

  • Four major Chinese developers reported profit growth for 2019 on Thursday, but said they are braced for hard times as the deadly coronavirus squashes market demand
  • Many property developers saw their sales plummet in the first two months of 2020
Topic |   China property

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People in face masks near a propaganda sign in front of residential buildings under construction in Xianning, Hubei province, the epicentre of the coronavirus outbreak. Photo: Reuters
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