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China's top 100 property developers saw contracted sales decline 32.5% in January from a year earlier to 354.3 billion yuan, slumping 48.6% from the previous month, according to Chinese real estate consultancy CRIC.
This figure represents an 11.8% drop when compared with February 2022, the Lunar New Year holiday month last year.
“Though the financing channel and environment for Chinese developers has improved since the end of last year”, they might still face pressure to . . .
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