Vanke’s $2.5B Loss Signals Deepening China Real Estate Crisis

Vanke’s record-breaking loss of $2.5 billion for 2024 has sent shockwaves through global markets, marking one of the most severe indicators yet of China’s deepening real estate crisis. The Shenzhen-based developer, once considered among the most stable in China’s property sector, reported the staggering loss as sales continued to plummet and debt obligations mounted, according to Bloomberg sources familiar with the matter.

Dispatch from Dominic Mercer (Global Real Estate Strategist).