Economics
China Home Sales Plunged in February as Outbreak Intensified
- Some firms saw drop of almost 70% versus same period of 2019
- Only Evergrande had sales increase amid aggressive campaign
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Key homebuilders in China saw sales slump last month as the coronavirus outbreak deepened.
Contracted sales plunged 33% on average versus February 2019 across 30 developers tracked by Bloomberg. The contraction was the steepest in at least six years and came despite property firms’ best efforts to migrate sales online.