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Debt-laden Chinese property giant Vanke reported annual losses of 49.5 billion yuan ($6.8 billion) on Monday, citing falling sales and shrinking profit margins despite Beijing's attempts to revive ...
China Vanke’s first-quarter loss widened, underscoring the property developer’s challenges even after the government in its hometown of Shenzhen stepped in to take control of operations.
Vanke is working to raise funds after saying last month it is facing short-term liquidity pressure, one of many companies to have been caught up in a broad-based cash crunch in China's crisis-hit real ...