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China Vanke Forecasts $6.2 Billion Loss, Replaces Top Executives

Alexandra Stevenson

created: Jan. 27, 2025, 12:13 p.m. | updated: March 19, 2025, 5:36 p.m.

China Vanke, one of the country’s largest developers, cleared out its top executives and said it anticipates a $6.2 billion loss, a sign the property meltdown is still raging.

5 months, 3 weeks ago: NYT > Business