Here’s an interesting story: In 2021, Country Garden invested 500 million yuan in Hefei Changxin Storage and obtained a 1.56% equity stake. By the end of 2024, Country Garden witnessed Boss Xu, desperately worked to reduce debt risk, and—low and desperate, practically begging—kneeling and pleading to sell its equity stake to Hefei’s state-owned assets for 2 billion yuan; in the process, it “made 1.5 billion yuan” in a tearful, blood-splattering profit.

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