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{"id":55854,"date":"2023-11-15T04:58:00","date_gmt":"2023-11-15T04:58:00","guid":{"rendered":"https:\/\/financeworld24.com\/chinas-unfinished-property-projects-are-20-times-the-size-of-country-garden\/"},"modified":"2023-11-15T04:58:00","modified_gmt":"2023-11-15T04:58:00","slug":"chinas-unfinished-property-projects-are-20-times-the-size-of-country-garden","status":"publish","type":"post","link":"https:\/\/financeworld24.com\/chinas-unfinished-property-projects-are-20-times-the-size-of-country-garden\/","title":{"rendered":"China’s unfinished property projects are 20 times the size of Country Garden"},"content":{"rendered":"
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HANGZHOU, CHINA – NOVEMBER 15, 2023 – An aerial photo shows a new property under construction in Hangzhou City, Zhejiang Province, China, Nov 15, 2023. On the same day, data released by the National Bureau of Statistics showed that from January to October 2023, the national real estate development investment was 9,592.2 billion yuan, down 9.3% year on year; Of this total, the investment in residential housing was 7,279.9 billion yuan, down 8.8 percent. (Photo credit should read CFOTO\/Future Publishing via Getty Images)<\/p>\n
BEIJING \u2014 The size of unfinished, pre-sold homes in China is about 20 times the size of property developer Country Garden as of the end of 2022, according to a Nomura report on Wednesday.<\/p>\n