HONG KONG -- China Vanke on Friday reported a loss of 12 billion yuan ($1.7 billion) for the first half of 2025 amid a persistent slump in the property sector.
China debt crunch
China Vanke reports record $1.7bn half-year loss as woes deepen
Property developer received several shareholder loans this year to pay debt
China Vanke's losses have deepened from last year amid continued home price declines. © Reuters
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