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