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bjl1625884 : Chinese property developer Country Garden makes Fortune Global 500 list for third consecutive year

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  • Chinese property developer Country Garden makes Fortune Global 500 list for third consecutive year (2019-07-23)
  • Despite the downturn in the overall Chinese real estate market in the second half of last year and a series of policies put in place to put a brake on the market, Chinese property developers posted outstanding financial results. Five Chinese real estate firms took their places on the list, unchanged year on year, with two companies among the top 200 for the first time. Country Garden (02007.HK) posted revenue of US$57.3087 billion, representing a year-on-year rise of 70.7 per cent. The firm moved up to 177th place in 2019, up 176 positions since last year as well as the biggest upward move for any single company on the list. This year marked Country Garden's inclusion in the list for the third consecutive year since its first appearance on the list in 2017, a testament to fast improvements in its strength and size.    Photo by Imaginechina
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