Vanke, the developer that will break China’s back if allowed to default

A state bailout will be in the government’s own interest. After all, municipalities need a few developers to survive, to build projects and purchase land, without which China may fall off a fiscal cliff this year

from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/vankedeveloper-that-will-break-china’s-back-if-allowed-to-default_17493391.html
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