Chinese property developers’ cash flows have plunged by more than 20%

Analysts generally expect state-owned enterprises will perform better than non-state-owned developers in the latest real estate slump. Pictured here in Guangxi, China, on Aug. 15, 2022, is a real estate complex developed by state-owned conglomerate Poly Group.Future Publishing | Future Publishing | Getty ImagesBEIJING — Chinese property developers' cash flows — a sign of the

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