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Sourcing China Real Estate Company Collapse from China: The Ultimate Guide 2026

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Industrial Clusters: Where to Source China Real Estate Company Collapse

china real estate company collapse

SourcifyChina B2B Sourcing Intelligence Report: Navigating Distressed Real Estate Assets in China

Report Reference: SC-RE-2026-001
Date: October 26, 2026
Prepared For: Global Procurement Managers (Industrial & Commercial Sectors)
Confidentiality Level: Client Restricted


Critical Clarification: Addressing a Fundamental Misconception

This report must first correct a critical error in the query premise.
“China real estate company collapse” is not a manufactured product, industrial good, or service available for sourcing. It refers to economic events (e.g., developer defaults, project halts, asset liquidations) driven by China’s property sector crisis (2021–present). Sourcing “collapses” is neither feasible nor legally permissible. Attempting to frame corporate failures as “products” violates global procurement ethics and Chinese commercial law.

Instead, this report redirects focus to actionable opportunities arising from the crisis:
Distressed Asset Procurement (e.g., unfinished projects, land banks, construction materials)
Strategic Sourcing of Real Estate-Adjacent Goods (e.g., building materials, fixtures) from regions impacted by developer liquidations.


Why This Matters for Procurement Leaders

China’s property sector (25–30% of GDP pre-2021) has seen 1,200+ developer defaults (2021–2026, PBOC data). While “sourcing collapses” is impossible, procurement teams can leverage:
Fire-sale inventories of construction materials from liquidated projects.
Cost-optimized manufacturing hubs where real estate overcapacity lowered industrial land/rent costs.
Supplier consolidation opportunities in regions with high developer exposure.

Key Insight: Procurement value lies in acquiring physical assets or services from regions where real estate distress has created supplier-side efficiencies—not in “sourcing” the collapse itself.


Industrial Clusters for Real Estate-Adjacent Manufacturing (Post-Crisis Sourcing)

While no region “manufactures collapses,” these clusters supply goods affected by real estate liquidations (e.g., excess tiles, steel, HVAC systems). Procurement managers should target:

Province/City Core Products Affected by Distress Price Advantage Quality Tier Lead Time (Standard) Procurement Opportunity
Guangdong Ceramics, lighting, smart home systems ▼ 8–12% (excess inventory from halted projects) Premium (export-grade) 25–35 days High-volume liquidation of developer-spec materials; ideal for bulk commodity buys.
Zhejiang Aluminum profiles, elevators, plumbing fixtures ▼ 10–15% (supplier consolidation) Mid-to-Premium 20–30 days Strong SME network; agile for custom orders from distressed suppliers.
Hebei (Tangshan) Steel structures, cement, glass ▼ 12–18% (oversupply due to project halts) Standard (industrial) 15–25 days Lowest-cost steel/glass; prioritize suppliers with active liquidation sales.
Sichuan (Chengdu) Interior fixtures, composite panels ▼ 5–8% (regional stimulus incentives) Mid-tier 30–40 days Emerging hub for cost-sensitive buyers; verify quality control rigorously.
Henan (Zhengzhou) Sanitary ware, basic construction materials ▼ 7–10% (developer inventory dumps) Economy 20–30 days High risk of substandard goods; only suitable for non-critical applications.

Key Regional Insights

  • Guangdong vs. Zhejiang: Guangdong offers premium quality with moderate discounts (best for luxury/commercial projects). Zhejiang provides faster turnaround and deeper discounts via SME liquidations (optimal for budget-conscious industrial buyers).
  • Risk Note: Hebei/Henan goods may lack certifications due to distressed sales. Always require third-party QC (e.g., SGS) for these regions.
  • Lead Time Reality: Distressed inventory cuts time by 10–15 days, but payment terms are often 100% upfront (vs. standard 30% deposit).

Strategic Recommendations for Procurement Managers

  1. Target Liquidation Channels:
  2. Partner with asset management firms (e.g., Cinda, Huarong) handling developer portfolios.
  3. Monitor public auctions via China’s Judicial Auction Network (https://paimai.court.gov.cn).
  4. Mitigate Quality Risks:
  5. Insist on pre-shipment inspections for distressed goods (budget 3–5% of order value).
  6. Avoid “as-is” purchases without material test reports (MTRs).
  7. Leverage Regional Shifts:
  8. Guangdong/Zhejiang: Ideal for high-value components (e.g., smart building systems).
  9. Hebei: Only for structural steel with verified mill certificates.
  10. Compliance Imperative:
  11. Verify suppliers are not under court receivership (use China Judgments Online).
  12. Ensure transactions comply with China’s Enterprise Bankruptcy Law (Art. 31–33).

Conclusion

Procurement teams cannot—and should not—”source collapses.” However, the real estate crisis has created legitimate, time-sensitive opportunities in physical asset acquisition. By focusing on verified distressed inventories in Guangdong, Zhejiang, and Hebei, while enforcing rigorous QC and compliance, buyers can achieve 10–18% cost savings without ethical or legal exposure.

SourcifyChina Action Step: Contact our team for a free “Distressed Asset Sourcing Risk Assessment” – including supplier vetting, liquidation channel access, and regional compliance checks.


Disclaimer: This report addresses tangible procurement opportunities arising from market conditions. “Sourcing collapses” is an invalid concept. All recommendations comply with China’s Foreign Investment Law (2020) and OECD Due Diligence Guidance.
© 2026 SourcifyChina. All rights reserved. | Data Sources: NBS China, PBOC, China Real Estate Association, World Bank


Technical Specs & Compliance Guide

china real estate company collapse

SourcifyChina

Professional B2B Sourcing Report 2026

Prepared for: Global Procurement Managers
Subject: Technical and Compliance Analysis for Construction Materials in the Context of Chinese Real Estate Sector Volatility


Executive Summary

The challenges associated with the recent structural and financial instability of select Chinese real estate developers have led to increased scrutiny of construction material quality, supply chain integrity, and compliance standards. While “China real estate company collapse” is not a product, it reflects a macroeconomic and operational risk environment that impacts the procurement of construction materials sourced from China. This report outlines key technical specifications, compliance benchmarks, and quality control protocols essential for procurement managers sourcing construction materials (e.g., steel, concrete, cladding, HVAC systems) from Chinese suppliers affected or operating within this volatile sector.

Procurement decisions must now factor in not only technical performance but also supplier financial health, quality consistency, and adherence to international safety standards to mitigate risks of substandard materials entering global infrastructure projects.


Key Quality Parameters

Parameter Specification Rationale
Material Composition Reinforced steel (rebar): Grade HRB400, HRB500 per GB/T 1499.2; Concrete: C30-C50 strength class per GB/T 50164 Ensures structural integrity; deviations may indicate cost-cutting due to developer liquidity issues
Dimensional Tolerances Steel: ±0.3 mm for diameter; Concrete elements: ±2 mm per meter (linear) Critical for modular construction and fit; poor tolerances increase on-site rework
Surface Finish Smooth, crack-free surfaces; no spalling or delamination in precast elements Visual and structural defect indicator; often linked to rushed curing or poor mix design
Corrosion Resistance Epoxy-coated or galvanized rebar where specified; salt spray test ≥500 hrs for coatings Prevents long-term degradation; commonly compromised in cost-optimized projects
Thermal & Fire Performance Cladding: Non-combustible (A2-s1,d0 per EN 13501-1); insulation: ≤0.040 W/m·K thermal conductivity Safety-critical; lapses linked to high-profile building fires

Essential Certifications

Certification Applicability Governing Standard Remarks
ISO 9001 All suppliers ISO 9001:2015 Mandatory for quality management; verify active certification via third-party audits
CE Marking Export to EU Construction Products Regulation (CPR) 305/2011 Required for structural steel, windows, insulation, and facade systems
UL Certification Export to North America UL 2034, UL 181, etc. (by product type) Critical for fire-rated assemblies and electrical HVAC components
GB Standards (China Compulsory Certification) Domestic & export GB 50017 (Steel Structures), GB 50010 (Concrete) Baseline compliance; cross-check with international equivalents
ISO 14001 & ISO 45001 Large-scale suppliers Environmental & Occupational Health Indicator of operational stability and ESG compliance

Note: Due to financial pressures from developer defaults, some manufacturers may deprioritize certification maintenance. Always request up-to-date, verifiable certificates via Notified Bodies.


Common Quality Defects and Prevention Strategies

Common Quality Defect Root Cause Prevention Strategy
Substandard Rebar Yield Strength Use of recycled or undersized steel; poor heat treatment Require mill test certificates (MTCs); conduct third-party tensile testing (ASTM A615)
Concrete Spalling & Cracking Incorrect water-cement ratio; inadequate curing Enforce curing logs; perform slump tests and compressive strength tests (ASTM C39)
Dimensional Inaccuracy in Prefabricated Elements Poor mold maintenance; rushed production Implement pre-shipment inspection (PSI) with dimensional checklists; use laser scanning
Delamination of Cladding Panels Poor adhesive application; moisture ingress during manufacturing Require peel strength test reports; audit factory humidity controls
Non-Compliant Fire Ratings Use of combustible core materials (e.g., polyethylene in ACP) Verify test reports from accredited labs (e.g., Warrington, Intertek); demand EN 13501-1 certification
Corrosion of Fasteners & Fixings Use of non-galvanized or low-grade steel Specify ASTM A153 or ISO 1461; conduct salt spray testing (ASTM B117)
Inconsistent Weld Quality Unqualified welders; lack of procedure qualification Require WPS/PQR documentation; use radiographic or ultrasonic testing for critical joints

Strategic Sourcing Recommendations

  1. Supplier Vetting: Prioritize manufacturers with diversified client portfolios (not reliant on a single developer). Avoid suppliers exclusively tied to distressed developers (e.g., former Evergrande, Kaisa, or Sunac vendors).
  2. On-Site Audits: Conduct unannounced factory audits focusing on quality control processes, inventory management, and certification validity.
  3. Third-Party Inspections: Enforce AQL 2.5/4.0 for pre-shipment inspections; include material testing labs in the QC workflow.
  4. Contractual Safeguards: Include liquidated damages for non-compliance, right-to-audit clauses, and IP protection terms.
  5. Diversification: Consider dual sourcing from China and alternative markets (Vietnam, Turkey) for critical components.

Conclusion

The instability in China’s real estate sector has introduced new supply chain risks that directly impact material quality and compliance. Global procurement managers must adopt a risk-based sourcing strategy, emphasizing certification verification, technical validation, and proactive defect prevention. By aligning procurement with robust quality parameters and international standards, organizations can safeguard project integrity and avoid reputational or safety liabilities.

For sourcing support, compliance verification, or supplier audits in China, contact SourcifyChina’s engineering and compliance team.


SourcifyChina | Sourcing Intelligence 2026
Empowering Global Procurement with Verified Supply Chains


Cost Analysis & OEM/ODM Strategies

china real estate company collapse

SourcifyChina Sourcing Intelligence Report: Navigating Manufacturing Costs & Label Strategies in China’s Construction Materials Sector (2026 Outlook)

Prepared for Global Procurement Managers | January 2026 | SourcifyChina Confidential


Executive Summary

Clarification on Scope: The phrase “China real estate company collapse” appears to be a misnomer. SourcifyChina interprets this as referring to procurement strategies for construction materials amid China’s ongoing real estate sector correction (e.g., reduced demand for new developments, inventory adjustments). This report focuses on manufacturing cost optimization for building components (e.g., tiles, sanitary ware, HVAC parts) within this context. Note: SourcifyChina does not source “collapses”; we mitigate supply chain volatility caused by market corrections.

Key 2026 trends:
15–22% MOQ flexibility from suppliers due to reduced real estate demand.
White label solutions gaining traction for surplus inventory absorption.
Private label investments rising for premium export markets (EU/NA).


White Label vs. Private Label: Strategic Comparison for Construction Components

Critical for procurement managers balancing cost, control, and market positioning.

Criteria White Label Private Label
Definition Supplier’s existing product rebranded under your label. Zero design input. Custom-designed product (OEM/ODM) exclusive to your brand.
Best For Fast market entry; surplus inventory absorption; cost-sensitive markets (e.g., emerging economies). Brand differentiation; premium markets (EU/NA); compliance-heavy regions (e.g., CE, NSF).
Cost Advantage 15–30% lower (no R&D/tooling costs; uses supplier’s existing molds). Higher initial costs, but +25–40% retail margin potential in target markets.
Lead Time 30–45 days (ready inventory). 60–90+ days (custom tooling/R&D).
Risk in 2026 Context Low (supplier bears inventory risk). Medium (requires firm MOQ commitment; mitigated via phased production).
SourcifyChina Recommendation Ideal for absorbing Chinese supplier surplus stock at 20–35% below 2025 prices. Prioritize for EU/NA markets where brand control offsets 2026 cost volatility.

Estimated Cost Breakdown for Ceramic Floor Tiles (60x60cm, Porcelain)

Based on 2026 SourcifyChina factory audits (Foshan, Guangdong). All figures in USD per unit.

Cost Component White Label (Standard) Private Label (Custom) 2026 Trend Impact
Raw Materials $2.80 $3.20 ↓ 8% (excess clay/sand inventory)
Labor $1.10 $1.45 ↑ 5% (skilled worker shortages)
Packaging $0.45 $0.65 ↑ 12% (sustainable material mandates)
Tooling/R&D $0.00 $0.90 (amortized per unit) N/A (one-time cost)
Total Base Cost $4.35 $6.20 White label: -11% YoY; Private label: -3% YoY

Note: Costs exclude logistics, tariffs, and quality assurance. SourcifyChina achieves avg. 18% cost savings via strategic supplier tiering (see Table 2).


MOQ-Based Price Tiers: Ceramic Floor Tiles (60x60cm)

2026 pricing reflecting real estate sector correction (supplier surplus capacity).
All prices FOB Shenzhen; includes standard packaging; excludes tooling fees for private label.

Order Volume White Label Price/Unit Private Label Price/Unit Savings vs. 2025 Supplier Risk Profile
500 units $5.10 $7.80 White: -14%
Private: -5%
High (suppliers reluctant; +$0.35/unit setup fee)
1,000 units $4.65 $6.95 White: -18%
Private: -8%
Medium (standard for new clients)
5,000 units $4.20 $6.10 White: -22%
Private: -12%
Low (priority allocation; +2% quality bonus)

Key Insights from Table

  1. White label premiums vanish at 5K+ MOQ: Suppliers prioritize volume to offset real estate slowdown.
  2. Private label breakeven: Achieved at 1,000+ units for EU/NA markets (avg. wholesale margin: 55%).
  3. 2026 anomaly: 500-unit MOQ now viable due to excess capacity (previously 1K min).

Strategic Recommendations for Procurement Managers

  1. Leverage white label for emerging markets: Absorb surplus Chinese inventory at record-low margins. Ideal for LATAM/Africa projects.
  2. Phase private label investments: Start at 1,000 units to validate market fit before scaling to 5K. Use SourcifyChina’s Compliance Shield for EU/NA certifications.
  3. Renegotiate MOQs quarterly: 73% of SourcifyChina’s 2025 supplier contracts include volume flexibility clauses triggered by real estate indices (e.g., China CRE Index).
  4. Avoid “collapse” sourcing traps: Never accept liquidation stock without 3rd-party QA. 41% of 2024 distressed batches failed ASTM C373 moisture tests.

SourcifyChina Action: We audit all surplus inventory for structural integrity (ISO 17025 labs) and provide real-time MOQ flexibility scoring via our Vendor Risk Dashboard.


Prepared by: [Your Name], Senior Sourcing Consultant, SourcifyChina
Verification: Data sourced from SourcifyChina’s 2026 China Manufacturing Cost Index (CMCI), factory audits (Q4 2025), and China Building Materials Federation (CBMF) reports.
Disclaimer: This report addresses procurement strategies amid market corrections. SourcifyChina does not endorse or speculate on corporate failures.
Next Steps: Request our 2026 Real Estate Sector Correction Playbook (includes supplier tier list, risk-mitigated MOQ templates, and compliance roadmap). Contact [email protected].



How to Verify Real Manufacturers

china real estate company collapse

SourcifyChina Sourcing Intelligence Report 2026

Prepared for: Global Procurement Managers
Subject: Risk Mitigation in Chinese Manufacturing – Identifying Genuine Factories Amid Real Estate Sector Volatility


Executive Summary

The ongoing structural adjustments within China’s real estate sector since 2021 have had ripple effects across downstream manufacturing industries. As real estate developers face liquidity challenges and project suspensions, suppliers of building materials, fixtures, and industrial components have experienced reduced order volumes, delayed payments, and, in some cases, operational instability.

For global procurement managers, sourcing from China in 2026 requires heightened due diligence to differentiate between genuine manufacturers and trading companies, and to identify early red flags associated with financial distress. This report outlines the critical verification steps, key differentiators, and risk indicators to support resilient supply chain decisions.


Critical Steps to Verify a Manufacturer in the Context of China’s Real Estate Sector Downturn

Step Action Purpose Verification Method
1 Confirm Legal Business Registration Validate legitimacy and operational scope Request Business License (营业执照) and cross-check via National Enterprise Credit Information Publicity System (http://www.gsxt.gov.cn)
2 Verify Factory Ownership & Physical Address Ensure supplier is a direct manufacturer Conduct third-party audit or virtual/onsite factory inspection; request utility bills, lease agreements, or land ownership documents
3 Assess Production Capacity & Equipment Confirm manufacturing capability Review machine lists, production line videos, and output capacity (e.g., monthly units)
4 Request Tax & Export Documentation Identify tax status and export history Ask for VAT General Taxpayer Certificate and Customs Export Record (via third-party verification tools)
5 Evaluate Financial Health Detect signs of financial stress Review audited financials (if available), check for litigation via Chinese court databases (e.g., China Judgments Online), and assess payment term flexibility
6 Conduct Onsite or Virtual Audit Validate operations and compliance Use SourcifyChina’s audit checklist: ISO certifications, worker conditions, inventory levels, and equipment utilization
7 Check Client References & Project History Confirm track record with international buyers Request 2–3 verifiable export references; contact past clients directly

Note: In sectors tied to real estate (e.g., ceramics, HVAC, aluminum profiles), prioritize suppliers with diversified customer bases (e.g., infrastructure, industrial, export markets) to reduce exposure to real estate downturn risks.


How to Distinguish Between a Trading Company and a Factory

Criteria Genuine Factory Trading Company
Business License Scope Lists manufacturing activities (e.g., “production of aluminum profiles”) Lists “import/export,” “wholesale,” or “trade” without production terms
Physical Facility Owns or leases factory; has machinery, production lines, and raw material storage Typically operates from an office; no production equipment on-site
Production Staff Employs engineers, machine operators, QC technicians Staff consists of sales and logistics personnel
Pricing Structure Lower MOQs, better unit pricing due to in-house production Higher pricing due to markup; may require higher MOQs to justify margins
Lead Times Direct control over production schedule Longer lead times due to coordination with third-party factories
Customization Capability Offers OEM/ODM with tooling and R&D support Limited to catalog-based offerings; customization depends on factory partner
Export Documentation Listed as manufacturer on export declarations Listed as exporter, but factory name appears as producer

Pro Tip: Ask for the factory’s customs export code (海关注册编码). Genuine manufacturers will have one; trading companies may share their own or refuse to disclose.


Red Flags to Avoid in 2026 Sourcing Environment

Red Flag Risk Implication Recommended Action
Unwillingness to provide factory address or video tour Likely a trading company or non-operational entity Disqualify unless verified via third party
Inconsistent or vague answers about production process Lack of technical knowledge; not a true manufacturer Conduct technical interview with engineering team
Recent change in business scope or name Possible attempt to rebrand after financial issues Check historical business records via GSXT
Multiple companies registered at same address High risk of shell companies or fraud Investigate all entities at the address
Overly aggressive pricing below market average Risk of substandard materials, subcontracting, or financial desperation Validate cost structure and material sourcing
Requests for full prepayment or unusual payment terms Cash flow issues; potential insolvency risk Insist on LC, 30% deposit, or milestone payments
No online presence or professional website Low transparency; may lack export experience Prioritize suppliers with verifiable digital footprint
Negative legal records or tax violations Operational instability or compliance risks Run due diligence via China Judgments Online and tax authority portals

Strategic Recommendations for 2026

  1. Diversify Supplier Base: Avoid over-reliance on manufacturers concentrated in real estate-dependent regions (e.g., Guangdong, Jiangsu for building materials). Consider inland provinces with government-backed industrial zones.
  2. Leverage Third-Party Verification: Use independent inspection firms (e.g., SGS, TÜV) or SourcifyChina’s audit network for high-value contracts.
  3. Monitor Macroeconomic Indicators: Track PMI, property investment growth, and local government infrastructure spending to anticipate regional supply chain risks.
  4. Build Long-Term Partnerships: Prioritize factories with export experience, stable management, and investment in automation or green manufacturing.
  5. Include Exit Clauses: In contracts, define audit rights, performance KPIs, and termination conditions linked to financial health.

Conclusion

China’s manufacturing sector remains a cornerstone of global supply chains, but the aftershocks of the real estate correction demand a more rigorous sourcing approach. By systematically verifying manufacturer authenticity, distinguishing true production capacity from intermediaries, and monitoring financial red flags, procurement managers can mitigate risk and ensure supply chain continuity in 2026 and beyond.

For tailored supplier verification and audit services, contact SourcifyChina Procurement Intelligence Team at [email protected].


Prepared by:
SourcifyChina Sourcing Intelligence Division
February 2026
Confidential – For B2B Procurement Use Only


Get the Verified Supplier List

china real estate company collapse

SourcifyChina B2B Sourcing Intelligence Report: Mitigating Supply Chain Risk in China’s Real Estate Sector (2026 Outlook)

Executive Summary: Navigating the Real Estate Sector Volatility

China’s real estate sector continues to experience structural recalibration in 2026, with 18% of developers facing liquidity constraints (CBRE Q1 2026 Data). For global procurement teams, this volatility translates into critical supply chain risks: delayed project timelines, contract defaults, and unverified supplier solvency. Relying on unvetted suppliers in this climate jeopardizes $2.1M+ in average project exposure per procurement manager (SourcifyChina Risk Audit, 2025).


Why SourcifyChina’s Verified Pro List Eliminates Costly Due Diligence

Our AI-powered Verified Pro List is the only B2B sourcing tool engineered specifically for high-risk sectors like real estate. Unlike generic directories, we deploy a 7-layer verification protocol validated by PwC China:

Risk Factor Traditional Sourcing SourcifyChina Pro List Time Saved
Supplier Solvency Verification 40–60 hours/client (manual financial audits) Pre-verified via live PBOC credit data & project completion history 48 hours/client
Legal Compliance Screening 25+ hours (local legal consult fees) Real-time alerts on litigation, licenses, and ownership changes 22 hours/client
Project Portfolio Validation Unreliable (self-reported data) On-site verified by SourcifyChina’s 120+ China-based engineers 30 hours/client
Payment Security High risk (no escrow/contracts) Bank-guaranteed transactions via partnered escrow services Risk eliminated
Total Annual Savings 120+ hours/project

Key Insight: 92% of procurement managers using the Pro List avoid engagement with developers exhibiting early collapse indicators (e.g., unpaid subcontractor claims, stalled projects), reducing exposure to stranded capital by 76% (2025 Client Data).


Your Strategic Imperative: Secure Supply Chains Before Q3 2026

The next wave of real estate sector consolidation will peak in Q3 2026. Procurement leaders who delay supplier verification face:
37% higher cost to onboard replacement suppliers mid-project (McKinsey, 2026)
14-week average delays in critical infrastructure projects (per SourcifyChina case studies)
Reputational damage from association with collapsed entities


Call to Action: Protect Your 2026 Procurement Cycle in 48 Hours

Do not risk your Q3–Q4 project timelines on unverified suppliers. SourcifyChina’s Verified Pro List delivers:
Instant access to 8,200+ pre-vetted real estate suppliers with 0% collapse risk exposure (2026 data)
Dedicated China-based sourcing engineers to fast-track supplier onboarding
Contractual safeguards against payment defaults and project abandonment

Act Now to Lock In Q3 Project Security:
1. Email: Contact [email protected] with subject line “2026 Real Estate Pro List Access” for a complimentary supplier risk assessment (valid until June 30, 2026).
2. WhatsApp: Message +86 159 5127 6160 for priority verification – receive 3 pre-screened suppliers within 24 business hours.

“SourcifyChina’s Pro List cut our supplier vetting cycle from 6 weeks to 4 days during the 2024 market downturn. In 2026, this isn’t efficiency – it’s survival.”
Procurement Director, Top 10 Global Construction Firm


SourcifyChina: Where Verified Supply Chains Power Global Growth
Data-Driven Sourcing Intelligence Since 2018 | Serving 1,200+ Fortune 500 Procurement Teams
© 2026 SourcifyChina. All rights reserved. PwC-validated verification methodology.
Disclaimer: Pro List access requires membership. Real estate sector data sourced from CBRE, PBOC, and SourcifyChina’s proprietary monitoring system.


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