China Property Giant Vanke Reports Annual Loss Of $6.8 Bn
- Posted on March 31, 2025
- By International Business Times
- 3 Views
China Property Giant Vanke Reports Annual Loss Of $6.8 Bn
Debt-laden Chinese property giant Vanke reported annual losses of 49.5 billion yuan ($6.8 billion) on Monday, citing falling sales and shrinking profit margins despite Beijing's attempts to revive the housing market.
