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Nikkei Markets

Evergrande and Vanke highlight need for stronger foundation

Chinese developers take different approach to growth beyond core business

Evergrande has a presence in tourism through Evergrande Tourism Group, and in healthcare and new energy cars through its Hong Kong-listed unit Evergrande Health Industry Group.   © Reuters

HONG KONG (Nikkei Markets) -- China Evergrande Group and China Vanke, two of the country's largest property developers, on Tuesday underlined the need to strengthen the foundation in their core business even as they appeared to diverge in their approach to new growth drivers.

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