In September 2010, property company China Vanke told The Wall Street Journal that it had no plans to expand abroad. On Monday, it said it is taking a 74% stake in Hong Kong-listed Winsor Properties Holdings, which has residential, office and warehouse projects in Hong Kong and Singapore.
The new interest in markets outside China raises a question: Is Vanke hinting that its view of the domestic Chinese market is souring?……………………………………….Full Article: Source