Vanke feels the pinch as growth slows in H1

Policy tweaks fail to lift margins for large real estate companies in China

China Vanke Co Ltd, the country's largest property developer by revenue, posted slower profit growth in the first half of 2014 compared with robust gains in the same period last year.

Net profit edged up 5.55 percent year-on-year to 4.81 billion yuan ($782 million) during the first six months of the year, said a Vanke report submitted to the Shenzhen Stock Exchange. The company's growth was sharply down from the 22 percent increase in net profit it enjoyed in the first half of 2013.