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