China Vanke Expects $6.2 Bn Full-year Loss in 2024 | World Business Watch | WION News

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China Vanke Expects $6.2 Bn Full-year Loss in 2024 | World Business Watch | WION News

The Chairman and Chief Executive Officer of China Vanke Co. will leave abruptly after the troubled developer announced a record 45 billion yuan or 6.2 billion dollar loss for 2024. In a statement, China Vanke said that Chairman Yu Liang had asked to leave for "work adjustment reasons."

#china #vanke #housingcrisis

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