Top Chinese property developers' sales declined in 2021 for first time in more than a decade, fundraising hit lowest in five years

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China's major real estate developers saw property sales decline in 2021 for the first time in more than a decade and their fundraising hit the lowest level in five years amid tightening rules aimed at lowering the sector's leverage.

The top 100 property developers recorded a total of 11.08 trillion yuan of sales in 2021, falling by 3.5% from the previous year, representing the first annual drop since 2010, according to . . .

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