GUANGZHOU -- China's real estate slowdown has left developers scrambling to unload a glut of housing inventories, enticing reluctant consumers with deep discounts and added perks, such as free BMWs, as they try to salvage their finances.
Property
China developers dangle BMWs, deep discounts to shed housing stock
Country Garden surprises industry by slashing prices 25% nationwide
Chinese developers are rushing to cut prices to unload their housing inventories. (Photo by Yusuke Hinata)
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