Country Garden Warns ‘Sell Everything’! China’s Top 50 Real Estate Firms Lose 40 Billion USD in 2024
Country Garden Warns ‘Sell Everything’! China’s Top 50 Real Estate Firms Lose 40 Billion USD in 2024
Udumbara
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At a monthly management meeting on May 9, Yang Huiyan, the chairwoman of Country Garden, declared with a nearly stern tone, "We'll sell everything to ensure home deliveries!" The room fell silent, and many attendees felt a chill. This moment highlighted how dire the situation has become for Country Garden, a company once hailed as a leading player in China's real estate market. The phrase "sell everything" is a crisis-laden expression in Chinese, meaning using every available resource. It signifies that Country Garden is at a critical crossroads, nearly at its breaking point.
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