Country Garden's Sales Woes Deepen Amidst China's Prolonged Housing Crisis

In a troubling development that underscores the ongoing struggles in China's real estate sector, Country Garden Holdings has reported a significant decline in its sales figures. This slump follows a tumultuous period for the developer, which has been grappling with a plethora of challenges throughout the year.

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China Home Sales Slump Intensified in September Before Stimulus

Home sales in China have been on a steep decline throughout September, the decline worsening as the country prepares for new economic stimulus measures. Major property developers are showing sharp drops in sales that reflect compounded concerns over China's real estate sector, which has been sluggish for months. These figures have increased alarm over the general health of the Chinese economy and the efficacy of prospective interventions.

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