Sun Hongbin, majority stockholder in Sunac, says Chinese property developers must adjust to Beijing’s strict real estate controls. Photo: Edmond So

China developers should consider other industries as Beijing unlikely to ease property controls, tycoon says

Beijing has decided that the Chinese economy needs to reduce reliance on real estate industry, says Sun Hongbin, majority stockholder in Sunac
Current property market controls are unlikely to be relaxed in near future, Sun says

Topic | China economy

Amanda Lee in Beijing

Published: 8:00am, 8 Nov, 2019

Updated: 8:00am, 8 Nov, 2019

Sun Hongbin, majority stockholder in Sunac, says Chinese property developers must adjust to Beijing’s strict real estate controls. Photo: Edmond So

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Amanda Lee

Beijing-based correspondent Amanda Lee covers markets and the economy for the Post, with an interest in China's economic and social landscape. A graduate of the London School of Economics, she joined the Post in 2017 and has previously worked for Thomson Reuters and Forbes.