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China Vanke Faces Increasing Losses
China Vanke, China's leading real estate developer, was significantly affected in the first half of 2026, recording a net loss of 14.95 billion yuan (approximately $2.2 billion), as funding challenges worsened and revenues shrank. Its debt approached 179 billion yuan out of a total 351 billion yuan, amid a 23% decline in liquidity, which fell to 53.8 billion yuan. The company remains one of the few able to avoid default, thanks to government support through Shenzhen Metro, which owns about 27% of its shares.
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