China Vanke Expanding to U.S. After Customer Emigration

China Vanke Co., the biggest developer listed on Chinese exchanges, is expanding outside its home country because of rising housing demand in the U.S. and Canada and a wave of emigration, Chairman Wang Shi said.

“There are still opportunities in North America,” Wang said today at the China Business Conference at Columbia University in New York. Also, “we follow Vanke’s customers. Many of Vanke’s customers have emigrated abroad. About 30 percent of them have chosen America as the destination.”