The chairman of China Vanke, the country’s third-biggest home seller by sales, issued a clarion call to his staff, urging them to gear up for a bruising battle that may make or break the company this year.“We are on our last legs, which means there are no other options,” said Yu Liang during the company’s annual staff meeting on January 9, according to an internal document seen by the Post titled ‘You will win, if you dare to fight’. “Many of us have not comprehensively understood the situation…
Source : South China Morning Post
Read more…Vanke says golden age of China’s property sector is over as bellwether developer girds up for hard times ahead
