What keeps China’s biggest property developer up at night

A leaked recording of a speech by China’s biggest property developer is sending shockwaves throughout the country’s property sector.

When Mao Daqing, the deputy chief executive officer of Vanke, the largest property developer in China spoke candidly at a closed session of property developers and analysts a week ago, he didn’t expect his speech to be leaked.

His candid assessment of the Chinese property market has sent shock waves throughout the country and especially to the challenged property sector. Vanke and Mao have been on the defensive since.

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