China’s property market records decade low, CIFI sees 55% drop

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The current situation has been largely driven by a liquidity crisis that has swept across the sector. This crisis has been exacerbated by weak demand for properties, which has further driven down prices and led to a slowdown in the market.

CIFI Holdings’ significant drop is a clear reflection of the challenging environment within the Chinese property market. The company’s 55% decrease in value on Wednesday marks one of the most substantial single-day losses for the firm.

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