China Vanke Forecasts $6.2 Billion Loss, Replaces Top Executives

China Vanke Forecasts $6.2 Billion Loss, Replaces Top Executives

The New York Times - Business:

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.

This post first appeared in The New York Times - Business. Read the original article.