Embattled property developer says it still faces ‘severe challenges’
A China Vanke construction site in Shanghai in 2017. The embattled developer has been negotiating with bondholders to avoid a default. © Reuters
WATARU SUZUKI
January 31, 2026 00:19 JST
SHANGHAI — Troubled property developer China Vanke on Friday said it expects to book a net loss of 82 billion yuan ($11.8 billion) for 2025, widening from 49.48 billion yuan in 2024 and underscoring the scale of the Chinese real estate crisis.