For Property Developers, the Game Is Survival

By staff reporters Li Shen and Zhu Yishi

Forget about the good old days of fast and furious growth for China's real estate industry, Vanke Group's CEO told reporters November 12.

"We are now in the second half of the game," said Yu Liang, whose company is one of the nation's largest property developers. "It's different from the first half.

"Developers need different playing styles. They might say goodbye to many ways of doing things," he added, "and make new things."

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