09.08.2012 - China developer sees more weakness
China Vanke Co., China's largest property developer by sales, said a decline in new housing construction may continue in the second half of the year as a dip in sales and weaker access to credit curb appetite for expansion. Investors are closely watching China's property market for signs of improvement as authorities seek to reverse a slowdown in the broader economy. Investment in property development accounts for more than 10% of GDP and has an impact on other sectors as well...............................................Full Article: Source
Print