Sunac China Holdings, with its first profit decline since 2010, said the country’s home developers face unprecedented challenges from a government push to cap prices, underscoring its push to diversify its business with its January investment in LeEco.
“This round of policy control has a particularly far-reaching effect on the market,” Sunac’s chairman Sun Hongbin said during a press conference in Hong Kong. “Home sales will be largely impacted in the second half,…
Source : South China Morning Post
Read more…Sunac says China’s price control policies are the ‘toughest ever’















