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Xinyuan Real Estate Co Ltd American Depositary Shares
Introduction
Governments around the world have decided the only way to control the pandemic is to keep people away from one another. This has resulted in the greatest economic collapse since 1939. In these circumstances, it is not surprising that Xinyuan Real Estate (XIN) has had a miserable quarter. Perhaps the only good news is that in China, there is still a housing shortage.
Many XIN investors, troubled by its lackluster stock market performance, have held on because it maintained its dividend of $1 per ADR annually. But that has now been cut.