China's top home developer Vanke says property market has bottomed

China's top home developer Vanke says property market has bottomed

An employee walks past a logo of Vanke at its headquarters in Shenzhen, south China's Guangdong province, November 2, 2015. REUTERS/Tyrone Siu

Major homebuilder China Vanke Co said the property market has bottomed in the short term, with a clear month-on-month rise in sales in June, sparking a property sector rally in Wednesday morning trade.

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