Greentown Needs More Stable Approach, Boss Says

(Beijing) – The president of the board at Greentown China Holdings Ltd. said it is unsustainable for his company to pursue rapid growth amid high liabilities.

It was the first time since the central government's housing curbs went into effect in January 2010 that Song Weiping publicly admitted the development pattern of the privately held property developer, one of China's largest, had been wrong.