Country Garden, the country’s second biggest developer by sales, has been heavily investing in robotics and hopes this sector will buoy future growth. Photo: SCMP Pictures Country Garden, the country’s second biggest developer by sales, has been heavily investing in robotics and hopes this sector will buoy future growth. Photo: SCMP Pictures
Country Garden, the country’s second biggest developer by sales, has been heavily investing in robotics and hopes this sector will buoy future growth. Photo: SCMP Pictures

Country Garden, Shimao among Chinese home builders betting on new sectors to boost profits amid struggling property market

  • ‘Home sales will contract and property companies need something new and exciting to maintain growth,’ said Lung Siu-fung of CCB International Securities
  • Country Garden is hoping its new robotics business will support growth, while Shimao is moving more into hotels and management services

Topic |   Coronavirus pandemic
Country Garden, the country’s second biggest developer by sales, has been heavily investing in robotics and hopes this sector will buoy future growth. Photo: SCMP Pictures Country Garden, the country’s second biggest developer by sales, has been heavily investing in robotics and hopes this sector will buoy future growth. Photo: SCMP Pictures
Country Garden, the country’s second biggest developer by sales, has been heavily investing in robotics and hopes this sector will buoy future growth. Photo: SCMP Pictures
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