Property News · June 19, 2018

China’s cash-rich property developers go rural for opportunities and political currency


China’s cash-rich property developers are beginning to sing to Chinese President Xi Jinping’s tune of investing in the country’s vast countryside and agriculture sector.
Not just a far cry from their core property development business, investments in the rural market are unlikely to generate the level of revenue that selling apartments in the urban cities would. They could, however, buy invaluable political currency as Xi has made “reviving China’s countryside…

Source : South China Morning Post
Read more…China’s cash-rich property developers go rural for opportunities and political currency

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