Citing Weaker Property Market, Evergrande Sets Modest Targets

(Beijing) – Evergrande Real Estate Group, one of China's top ten largest property developers, said its 2012 sales targets were set in anticipation of deteriorating conditions in the property market

The company put its annual sales target in 2012 at 80 billion yuan, nearly level with its total annual sales of 80.4 billion yuan in 2011.