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China Property Crisis Deepens With Vanke in Market Crosshairs

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China,Property Crisis,Vanke

The property crisis in China worsens as Vanke becomes a target in the market. Bank of America warns that current price moves are typical of bubbly markets.

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China Property Crisis Deepens With Vanke in Market CrosshairsConcern is intensifying over state-backed China Vanke Co.’s ability to stave off default, defying efforts by authorities to shore up the cash-strapped developer’s finances.
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