Year in review: Major business events in 2018
By Wang Junwei |
chinadaily.com.cn |
Updated: 2019-01-07 06:45
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Real estate developer: Survive then thrive
The real estate control policy was further developed in 2018, with 405 property restriction measures being implemented across the country, an increase of 80 percent compared with 2017, according to the Chinese Academy of Social Sciences.
Real estate businesses spent the year in a tightening financing environment and the sales of new properties slowed. Many real estate firms turned to price promotions, or transferring equity and projects for financing. Last September, Yu Liang, chairman of Vanke, said at a monthly meeting that the company's goal for the next three years is to live.
