About Half of A-share Real Estate SOEs Expected to Lose Money

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Credit: Visual ChinaBEIJING, July 18 (TiPost) —— 18 state-owned real estate enterprises listed on China's stock exchanges are expected to lose money and 19 enterprises to be profitable in the first half of 2023, according to the performance forecast of 37 state-owned enterprises disclosed on Monday.The real estate industry has been caught in a cash flow crisis since the second half of 2021. There have bee