Sunac China Faces $2 Billion Loss Amid Property Market Slump

21 Aug 2024 CW Team

Sunac China Holdings Ltd. has projected a substantial half-year loss of $2 billion, attributing the setback to a persistent downturn in the property market. This forecast reflects the broader challenges facing the Chinese real estate sector, which has been grappling with weakened demand and economic uncertainties.

The company?s financial difficulties stem from ongoing declines in property sales and falling real estate prices, exacerbated by a slowdown in China?s economic growth. Sunac, one of China?s largest property developers, has been significantly impacted by these market conditions, which have affected its revenue streams and overall financial health.

Sunac?s warning underscores the broader struggles within the Chinese real estate market, which has seen several major players facing similar financial pressures. The downturn has led to reduced investor confidence and tighter liquidity conditions, further straining developers? ability to manage their projects and meet financial obligations.

The company is actively seeking ways to mitigate these losses, including restructuring efforts and potential asset sales. However, the ongoing market challenges pose a significant hurdle to a swift recovery.

Sunac China?s situation highlights the pressing need for policy interventions and market adjustments to stabilise the real estate sector and support affected companies. The industry remains cautious as it navigates the current economic landscape and seeks to regain stability.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..