Developers will focus on reducing inventory in the second half of the year. The average firm completed only 41.4% of its sales target for the year, with some under 40% that will be under pressure in the second half. A clear growth rate ceiling has been hit by the developers, with the average firm aiming for 9% growth in 2015.
In the lead, Evergrande hit 60% of its target in the first half, followed by 59% at Wharf Holdings. At the bottom, Sino Ocean Land only hit 29% of its sales target; China Merchants Property reached 34%.
iFeng: 房企半年报:销售目标完成四成 下半年去库存
Blurred [sovereign debt restructuring] lines
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Would an official sector creditor by any other name be treated as sweetly?
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