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

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