Zhang Cheng
In 2020, China Evergrande ranked second in Crane’s annual list with sales of nearly 700 billion yuan, beating Vanke and second only to Country Garden. By 2021, Evergrande will fall to fourth place, with sales of 440 billion yuan, which can be described as a sharp drop, lower than Country Garden’s 750 billion yuan, Vanke’s 620 billion yuan, Sunac’s 590 billion yuan and Poly’s 540 billion yuan.
On the 2022 list, Evergrande will not be seen in the top 20. I guess it’s not that Evergrande’s performance does not even have the threshold of tens of billions for the top 20, but that Evergrande’s data seems to be no longer disclosed, and the outside world knows nothing about it. Country Garden, which tops this year’s list, only has more than 460 billion yuan, and the decline can be described as tragic.
2023 may be better than 2022, but it will definitely not be like before the epidemic. The golden age of China’s real estate is over.
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