Developers are turning asset-light by committing to minority stakes in projects and specialising in what they are good at. Photo: Xinhua

China to see more property firms exit the market amid tough competition

Many companies that entered the sector after 2009 stimulus are forced out as profit margins dwindle

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Developers are turning asset-light by committing to minority stakes in projects and specialising in what they are good at. Photo: Xinhua
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