Property News · February 9, 2019

Chinese developers’ New Year’s resolution – diversify into robotics, green cars and Beijing’s other pet projects


It’s hard to be a rich Chinese property developer these days. Profits are still booming, for sure. And property development remains one of the most powerful engines of the economy. But when developers look ahead, they see diminishing profits – and diminishing favour.
To stay at the top of the tycoon pile, they are quickly diversifying, embracing the government’s new pet industry – tech. Think robotics. Think green cars. Think artificial intelligence.
“Failure or…

Source : South China Morning Post
Read more…Chinese developers’ New Year’s resolution – diversify into robotics, green cars and Beijing’s other pet projects

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