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Caixin

China's property development glory days are over, Vanke says

Company aims to focus more on real estate management and services

China's largest developer wants to ease reliance on its core business amid heightened official scrutiny.   © Reuters

China Vanke has said it will give more weight to real estate management and services, as the country's largest property developers tweak business models to bolster profitability amid tighter government restrictions on borrowing.

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