Esther Fung, China’s Developers Looking to Get Out; Sluggish real-estate sector drives some investors to hunt for other revenue sources. Wall Street Journal, Dec 16, 2015 http://www.wsj.com/articles/beyo ... iversify-1450164600
("In almost all but the richest places such as Beijing, Shanghai, Shenzhen and some provincial capitals, China’s cities are plagued with weak demand and a massive glut of unsold apartments. While housing sales are up 7.9% by volume in the first 11 months this year from a year ago, construction starts have been declining at double-digit levels")
Note:
(a) Esther Fung 方心恩
(b) "NANJING, China—Chinese real-estate developer Yan Lugen [南京利源 Lek-Yuen 物业发展有限公司 董事长 严陆根] has bet on an avant-garde art gallery and a water-skimming airplane. One area the property mogul won’t touch again: property. * * * That skepticism suggests China’s property market * * * isn’t likely to come to the rescue as the country’s growth slows."
(c) "Ma Guangyuan 马光远 [1972- ; 中国人民大学经济学博士], a Beijing-based independent economist"
(d) "In August, Hangzhou-based Lander Real Estate Co[, Ltd] 莱茵达置业股份有限公司 changed its name to Lander Sports Development Co 莱茵达体育发展股份有限公司 and sold some of its real-estate assets to a shareholder so that it could focus on developing its new sports business, which includes a recent plan to invest in Hangzhou’s women’s soccer team. Lander reported a 37% decline in net profit in 2014, following a 7.3% increase in 2013."
(e) "Shanghai-listed Deluxe Family Co 上海华丽家族股份有限公司 is looking to invest in robotics, near-space flying vehicles and graphene * * * The residential property developer [Deluxe], which has a few remaining property projects in the city of Suzhou, changed its business license to become a firm focused on investment management and consulting.
(f) After I reached (e), I discovered the translation in cn.wsj.com.