Country Garden Sales Slump Abates After China Property Stimulus.

Country Garden Holdings Co., a Chinese builder, saw a moderation in its sales slump in October, indicating a potential improvement in the industry following China's stimulus measures for property developers. Despite a 31% decline in contracted sales compared to the previous year, this was an improvement from the 41% drop in September. The company, once China's largest builder by contracted sales, is working to address liquidity concerns and is in talks with creditors for a debt overhaul. The overall real estate market in China also showed signs of recovery, with new-home sales from major companies increasing in October compared to the previous year. [Extracted from the article]