China's property sales are set to plunge 30% — worse than in 2008, S&P says - CNBC
7/27/2022 12:00:00 AM2 years 9 months ago
by Evelyn Cheng
by Evelyn Cheng
China's property sales are set to plunge this year by more than they did during the 2008 financial crisis, according to new estimates from S&P Global Ratings.
Most apartments in China are sold before developers finish building them. Pictured here on June 18, 2022, are people selecting apartments at a development in Huai'an, Jiangsu province, near Shanghai.… [+4502 chars]
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