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Vanke sinks below the waves

March 13, 2024 - 07:30 -- Admin

Another Chinese property titan and deck chair on the Titanic is slipping below the rising waves: China Vanke Co. is in talks with banks on a debt swap that would help the cash-strapped developer stave off its first-ever bond default, according to people familiar with the matter. Vanke’s major creditor banks are considering a plan

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