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China's Property Debt Woes Deepen as Vanke Under Closer Scrutiny.
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- معلومة اضافية
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China's property debt crisis is deepening, with major state-backed developer China Vanke Co. facing unprecedented scrutiny from investors. Some of China's largest insurers are expressing concerns about Vanke's debt risks, leading to record lows in the company's shares and bonds. Vanke is currently in negotiations with state insurers to extend the maturities of some private borrowings. The warnings about Vanke's risks are particularly concerning because the company is seen as a bellwether for Beijing's support for major developers with ties to the state. [Extracted from the article]
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