Tag: BAILOUT
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China’s $6.8 Billion Lifeline to Vanke: A Strategic Move to Stabilize the Real Estate Market
China’s real estate sector has been a pillar of the nation’s economic growth for decades. However, mounting debt, slowing sales, and the ripple effects of the Evergrande crisis have placed unprecedented stress on the industry. In a bid to prevent another major collapse, Beijing is stepping in with a 50 billion yuan ($6.8 billion) financial…