China Policy ‘Misinterpretation’ Fueled Home Prices, Yi Says

China Policy ‘Misinterpretation’ Fueled Home Prices, Yi Says

Qilai Shen/Bloomberg

China Vanke Co., the biggest developer by market value on mainland exchanges, said yesterday its contracted sales were 13.3 billion yuan ($2.1 billion) last month, a 24 percent jump from May.