China Evergrande slashes prices of new flats by a quarter as coronavirus leaves developers struggling with plunging house sales

• China Evergrande says it will offer a 25 per cent discount until the end of February, narrowing to 22 per cent in March, at all 811 of its projects
• Developers are grappling with a cash-flow crisis and mounting debts as the viral outbreak threatens to derail China’s vital property market