Vanke Skips Interest on Onshore Private Debt, Seeks Lower Rates
NegativeFinancial Markets

China Vanke Co., facing significant liquidity challenges, is negotiating with major domestic creditors to reduce borrowing costs on its private debt, which amounts to tens of billions of yuan. This move is crucial as it highlights the ongoing financial struggles of the developer and the broader implications for the real estate market in China.
— Curated by the World Pulse Now AI Editorial System