Aug 05, 2009 12:52 PM

Vanke Beefs up Housing Starts, Land Acquisitions

By staff reporter Zhang Yingguang and intern reporter Ci Bing

(.com.cn) China Vanke's (SZSE:000002) robust growth in the first half has encouraged the country's largest developer by market value to increase housing starts and ramp up land acquisitions as the property market shows signs of a turnaround.

Vanke announced on Aug. 3 that first-half net profit grew 22.5 percent year-on-year to 2.5 billion yuan on the back of government support policies and increased investment in the housing market.

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