Vanke, China's Second Largest Real Estate Company, is At Risk of Default

03/15/2024 Firstpost: Vanke, China's second-largest real estate company, owes debts of up to 34 billion yuan, and is at risk of default. Because the company has to repay the debt before June 2025, and they may not have enough cash to do it. The Chinese government has ordered 12 banks to provide financing for it, as if they allow the company to collapse, it will break the Chinese economy.
03/15/2024 《第一邮报》：中共国第二大房地产公司万科欠有高达340亿元人民币的债务，面临债务违约风险。因为他们必须在2025年6月之前偿还这笔债务，而他们可能没有足够的现金流去偿还。中共政府已经命令12家银行为其提供融资。因为，如果中共允许这家公司倒闭，将会重创整个中国经济。