Bondholders for one of China’s biggest real estate developers extended a grace period to negotiate a delayed repayment of a $285 million bond.
Category: China Vanke Co Ltd
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China Approaches First Investment Decline in 3 Decades
A broad measure of investment fell more than 10 percent in November, continuing a recent reversal and signaling the depth of China’s property crisis.
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5 Years On, China’s Property Crisis Has No End in Sight
The government had set out to slow speculation, kicking off a slowdown in real estate values that is still grinding on with wide economic consequences.
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China Vanke Forecasts $6.2 Billion Loss, Replaces Top Executives
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.