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China Vanke's near-default exposes fragility of the faltering recovery in the property industry
HONG KONG (AP) — State-backed property developer China Vanke, once the country’s largest homebuilder by sales, narrowly avoided defaulting on a 2 billion yuan ($284 million) bond last week as the ...
Vanke proposed to roll over a CNY2 billion note and a CNY3.7 billion note expiring at the end of last year in mid-December.
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