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Vanke Is Mired in Debt; Experts Say Shenzhen Metro's Capital Injection Will Hardly Solve the Problem | Vanke's Debt
Summary by 大纪元 Epoch Times
1 Articles
1 Articles
The Chinese real estate market continues its downturn, with Vanke, once hailed as a "top student" in the industry, now mired in debt. Despite frequent bailouts from its largest shareholder, Shenzhen Metro, it has struggled to stem losses, reflecting the limits of the state-owned enterprise (SOE) bailout model. Experts warn that a Vanke default could not only shake market confidence but also trigger a nationwide financial chain reaction, becoming…
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