State-backed developer’s woes underscore difficulty of reversing sector’s slump
China Vanke has been in the spotlight over its struggle to repay debts amid deepening losses. © Reuters
WATARU SUZUKI
August 27, 2026 21:44 JST
SHANGHAI — Losses at Chinese property developer Vanke widened in the first half of this year, underscoring the uphill battle in reversing the country’s real estate slump.