SHANGHAI -- Top real estate developers in China increased sales volumes by 4% in May compared with April, according to a Nikkei analysis, a relatively small boost despite the launch of a government program to buy unsold homes.
China debt crunch
China real estate firms see 4% sales growth after state help
Government measures to purchase unsold homes only had limited effect
Country Garden Holdings saw sales volume drop 81% on the year in May despite government measures to purchase unsold housing stock. (Photo by Yusuke Hinata)
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