Vanke seeks to expand its 'fundamental operations'

The era of the rapid growth of the entire property industry has ended in China and future development should be based on consolidating fundamentals, according to China Vanke Co, one of China's largest property developers.

Vanke Chairman Yu Liang said that the company, confronted with extreme uncertainty in 2019, will abandon any speculative attitude or reliance on bull market thinking.

The focus of its work this year is to concentrate on expanding "fundamental operations" in its property development business.