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China Vanke’s Sales Slump Worsens After Debt Cracks Show Up
China Vanke Co.’s sales slump worsened in August amid concerns about the developer’s ability to repay debt. Contracted sales declined 24% from a year earlier to 17.24 billion yuan ($2.4 billion), widening from a 13% slide in July, the company said in a statement on Friday. Transactions shrank 10% on month.
China Vanke’s Sales Slump Worsens After Debt Cracks Show Up
China Vanke Co.’s sales slump worsened in August amid concerns about the developer’s ability to repay debt. Contracted sales declined 24% from a year earlier to 17.24 billion yuan ($2.4 billion), widening from a 13% slide in July, the company said in a statement on Friday. Transactions shrank 10% on month.
China Vanke Co.’s sales slump worsened in August amid concerns about the developer’s ability to repay debt. Contracted sales declined 24% from a year earlier to 17.24 billion yuan ($2.4 billion), widening from a 13% slide in July, the company said in a statement on Friday. Transactions shrank 10% on month.