Briefly

Top developers' market share up slightly

China's top 100 property developers' market share rose 0.4 percentage point to 46.2 percent last year, playing the role of market stabilizers, according to research by the China Index Academy. Their sales value hit 5,389.6 billion yuan ($746 billion) in 2023, down 5.8 percent year-on-year. A total of 261.3 million square meters of floor space were sold last year, down 7.4 percent on a yearly basis, due to the sluggish market.

JAC Group to sell T9 utes in Australia

Chinese automaker JAC Group will start selling its first customized diesel-fueled T9 ute in the Australian market in April. Ute is a term used in Australia to describe vehicles with a tonneau behind the passenger compartment. Australia is a high-end strategic market in the global footprint of JAC Group and utes are one of the largest vehicle segments in the country.

Xinhua - China Daily