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China Vanke Co Ltd., the nation's biggest property developer, will endeavor to bring its current 2.34% market share to 4% within 5 years, chairman Wang Shi told a shareholder's meeting held last Friday. The company's net earnings dipped 16.7% to RMB 4 billion last year despite a 15.4% growth rate pushing its revenue to RMB 41 billion. Nearly half of the properties it sold in 2008 were smaller than 90 m2. It sold 1.5 million m2 worth RMB 12.2 billion in the first 3 months of the year, up 33.2% and 21% year-on-year respectively, according to the latest official figures.
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