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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.
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 ...
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 ...