Source: China – South China Morning PostChina’s major property developers can expect their businesses to pick up in the remaining six months of this year as a disappointing first half fades in the rear-view mirror, according to an analysis by Morgan Stanley.
Sales and profitability are expected to decline at a slower pace, Morgan Stanley said, predicting that sales would fall 2 per cent for the rest of the year, adding up to a 10 per cent decrease for the whole year. Sales could even pick up in the fourth quarter, “backed by a rich…Read More