China Vanke reported strong net profits in the first half of the year, rising 10.4% to reach CNY5.35 billion. The company’s operating revenue soared 48.8% to CNY74.8 billion. Vanke’s sales of residential property, in terms of floor space, soared 55.8% to 14.1 million square meters in the first half of 2016. In revenue terms, Vanke’s sales of residential property jumped nearly 70% to CNY190.1 billion. The Shenzhen-based developer said China’s property market registered satisfactory sales in the first half of 2016. Sales of residential property in China, in terms of floor space, rose 28.6% year-on-year in the first half of 2016.