A leading property developer’s annual report reveals high debt risks; cities deregulate property sector to cope with economic woes

SinoInsight 1 R&F Properties, China’s 10th largest property developer in 2019, released its 2018 annual report on March 20. During the past year, the company’s turnover increased 24 percent to 66.388 billion yuan ($9.881 billion) while its profits dropped 59 percent to 8.371 billion yuan. R&F’s liabilities in 2018 grew 57.6 percent year-on-year to 177.719 …

Read moreA leading property developer’s annual report reveals high debt risks; cities deregulate property sector to cope with economic woes

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