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

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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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China and the US had extensive and serious discussions over the past two weeks to try to end their trade war, according to the Chinese Ministry of Commerce. Photo: AFP

China and US ‘agree to phased rollback’ of extra trade war tariffs

  • Negotiators from both countries still trying to reach interim deal, Chinese Ministry of Commerce says
  • Xi Jinping to visit Greece and Brazil next week but still no indication of any meeting with Donald Trump to sign deal
Topic |   US-China trade war

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China and the US had extensive and serious discussions over the past two weeks to try to end their trade war, according to the Chinese Ministry of Commerce. Photo: AFP
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