Country Garden Chair: Overhaul Business Logic to Fit New Property Policy

TREE NEWS update: On September 3, Country Garden chairperson Yang Huiyan told a monthly management meeting that the ‘828 New Policy’ shifts the industry from presales to completed-home sales, from fast turnover to quality, and from corporate credit to project credit. The old high-leverage, fast-turnover model no longer applies, she said, calling for a full overhaul of operations, development logic and organizational structure to adapt.