Vanke’s woes reignite fears for China’s property sector

Real estate developer says it expects $6.2bn annual loss and announces sudden resignation of chair and chief executive

Topics

Leading China Property Developer Reports Huge loss, in Sign of Widening Real-Estate Woes

Troubles at Vanke raise questions about the continued spread of the property crisis and whether the Chinese state will step in.
The Wall Street Journal - 1d
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.
The New York Times - 1d
Salary caps spread in China's finance sector amid 'common prosperity' drive

Yahoo News - 5d
China’s solar sector could be on course for a glow-up

After a plague of overcapacity and falling prices, there are signs the sector may be approaching a bottom
Financial Times - Jan. 10
China’s Central Bank Stops Buying Bonds as Deflation Fears Grip Economy

The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate.
The New York Times - Jan. 10
China’s currency hits 16-month low on Trump tariff fears

Renminbi under pressure from stronger dollar and concerns about incoming US president’s trade plans
Financial Times - Jan. 8
China’s biggest football club kicked out of league as financial woes mount

Guangzhou FC’s struggles relate to collapse of property developer China Evergrande
Financial Times - Jan. 7
Kweichow Moutai Expects to Meet Revenue Growth Target Despite China Market Woes

Chinese liquor giant Kweichow Moutai expects to meet its revenue growth target for 2024 despite subdued consumer sentiment and slumping wholesale prices in its home market.
The Wall Street Journal - Jan. 2

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