In January Vanke’s sales fell by 43% year on year. The same month Zhu Jiusheng, the firm’s chief executive, was reported to have been detained. He later stepped down, citing “health reasons”.
China Vanke Co. Ltd., one of China’s largest real estate developers, has secured a three-year loan of 4.2 billion yuan ($578 million) from its largest shareholder, Shenzhen Metro Group Co. Ltd., to ...