BEIJING: The head of one of China's biggest property firms has been "taken away" by police, state-backed media reported on Thursday (Jan 16), as a prolonged housing slump continues to hit the world's second-largest economy.
A worker driving past residential buildings under construction by Chinese real estate developer Vanke in Hangzhou, in eastern China 's Zhejiang province on Mar 31, 2024. BEIJING: The head of one of China 's biggest property firms has been"taken away" by police, state-backed media reported on Thursday , as a prolonged housing slump continues to hit the world's second-largest economy.
Hong Kong-listed Vanke, which is part-owned by the government of Shenzhen, was China's fourth-largest real-estate firm by sales last year, according to research firm CRIC.
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