Real estate firm's chief says lessons have been learned from disaster

The fatal blasts in Tianjin last week have taught real estate developers to monitor closely what is planned for areas surrounding their residential complexes, the president of China's largest real estate developer by sales value has said.

The Vanke Haigangcheng complex, developed by China Vanke Co Ltd, was only 800 meters from the scene of the warehouse explosions at the Tianjin Port. Two residents were killed, many others were injured, and the apartment blocks suffered massive damage.

Yu Liang, president of China Vanke, told a news conference on the release of its first half-year report on Monday that the blasts have given Vanke a reason to reflect on lessons learned.