ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

State-backed companies emerge as 'winners' in China real estate crisis

Bleak overall outlook for sector as sales tumble and losses mount

Apartment buildings under construction in Beijing in July. Analysts say the real estate sector is suffering from a crisis of confidence   © Reuters

HONG KONG -- A select group of state-backed Chinese property developers are emerging as relative "winners" in the crisis engulfing the country's real estate sector, as they take advantage of private rivals' distress.

Among 31 major listed developers that released monthly contracted sales data by Friday, only China Merchants Shekou Industrial Zone Holdings bounced back to positive growth in the second half of the year. All 31 recorded double-digit year-on-year decline for the first eight months.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more