Vanke charts new path with hog breeding

0 Comment(s)Print E-mail China Daily, May 13, 2020
Adjust font size:

A Chinese property giant's decision to try its hand at hog raising has led to in-depth discussions about the major move, especially as the coronavirus outbreak continues to come under control.

China Vanke Co Ltd announced a plan on Thursday to recruit managers and professionals for its hog farms in Guangdong province, thus revealing its foray into the agricultural sector.

The job description for the new unit's general manager says the employee will participate in formulating a plan to raise 250,000 hogs.

The real estate group also recently announced the establishment of a new food supply business unit in March, following the setting up of other core units related to property projects, property management, warehouse logistics, resorts, rental apartments and education. The new unit covers hog raising, vegetable cultivation and enterprise catering.

However, Vanke is not the first developer in China to enter the hog sector. Country Garden Holdings Co Ltd stepped into the ring in 2018. It focuses on high-tech and modern agriculture, agricultural industry zones and fresh food stores in residential areas.

The hog farms of China Evergrande Group and Wanda Group were built even earlier as part of poverty alleviation efforts.

Vanke said it was inconvenient for residents living in its properties to purchase food during the coronavirus outbreak so it decided to set up the new business unit to "provide safe, healthy and affordable food for ordinary families".

Following quarantine measures, people have had to rely on nearby stores or online channels for grocery purchase during the height of the pandemic, causing sales of many food e-commerce providers to soar.

Listed hog breeders also enjoyed a remarkable upswing in profit. Industry behemoth Muyuan Foods Co Ltd reported a first quarter net profit of 4.1 billion yuan ($580 million), making a U-turn from last year's first-quarter loss.

In comparison, the property sector has been hit hard during the pandemic. In the first quarter, home transaction volume in China declined by almost 24.7 percent year-on-year, said the National Bureau of Statistics.

The move to diversify operations is also in line with Vanke's upgraded position as a "service provider of urban and rural living and construction", a transformation proposed in 2018 due to gloomy growth prospects at the time.

Vanke Chairman Yu Liang said at the time that "the era of unilateral rapid increases in home prices has ended".

Yan Yuejin, director of the E-house China Research and Development Institute, expects Vanke to regard the agricultural sector as an important driver of future development.

In fact, the agricultural sector is gaining traction as an additional business undertaking among property developers and the direction could be a new growth point for them if they combine agriculture production with residential community management, Yan said.

He expects more property developers to follow suit as they are currently under profit pressure growth and an industrial transformation could be taking shape.

Zhang Hongwei, chief analyst at Tospur Real Estate Consulting, said the decision to enter the agricultural sector is not inconsistent with developers' overall development strategy of the future property market.

It will become a key component of developers' next growth stage while the urbanization of the population is speeding up, Zhang said.

However, the new undertaking can have a potential downside, said economist Ma Guangyuan, who believes companies' transformations should focus on their core business.

Ma said on his public WeChat account that "Hog raising is actually a very high-tech profession-even higher than the property industry-so it should not be regarded as an easy task."


Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 欧美日韩高清在线观看| 亚洲欧美精品中字久久99| 亚洲精品www久久久久久| 亚洲av专区无码观看精品天堂| 中文字幕亚洲欧美日韩不卡 | 香港三级日本三级三级韩级2| 精品久久久久久无码中文字幕 | 成年无码av片在线| 国产精品视频一区二区三区经| 国产午夜电影在线观看| 亚洲老妈激情一区二区三区 | 亚洲人成www在线播放| 一级毛片免费播放视频 | 7777久久亚洲中文字幕| 色噜噜狠狠狠狠色综合久一| 污到流水的视频| 插插无码视频大全不卡网站| 国产精品视频a| 午夜亚洲av永久无码精品| 亚洲av永久无码精品网站| 一a一片一级一片啪啪| 麻豆69堂免费视频| 欧美黑人乱大交ⅹxxxxx| 无码aⅴ精品一区二区三区| 国产精品成人va在线观看| 后入内射欧美99二区视频 | 中文字幕一区在线播放| 日本xxxxx在线观看| 牛牛色婷婷在线视频播放| 日干夜干天天干| 国产精品久久久久久亚洲小说| 午夜dj免费在线观看| 久久天天躁狠狠躁夜夜躁2014| 91偷偷久久做嫩草电影院| 精品伊人久久大香线蕉网站| 日韩网站在线观看| 国产精品色午夜视频免费看| 免费观看理论片毛片| 久久久噜噜噜久久网| www.日本在线视频| 永久在线免费观看港片碟片|