At a monthly management meeting on May 9, Yang Huiyan, the chairwoman of Country Garden, declared with a nearly stern tone, “We’ll sell everything to ensure home deliveries!” The room fell silent, and many attendees felt a chill. This moment highlighted how dire the situation has become for Country Garden, a company once hailed as a leading player in China’s real estate market. The phrase “sell everything” is a crisis-laden expression in Chinese, meaning using every available resource. It signifies that Country Garden is at a critical crossroads, nearly at its breaking point.
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