China Vanke Forecasts $6.2 Billion Loss, Replaces Top Executives
New York Times
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.
https://www.nytimes.com/2025/01/27/business/china-vanke-property-developer.html