China Vanke: the poster child for the struggling real estate sector

HONG KONG – Call China Vanke the poster child for the country’s economic evolution since Deng Xiaoping introduced the reform and opening-up policy in the late 1970s.

China Vanke, the third largest developer in the top three, is also a leader in the stock market and real estate industry. It recently became a “fallen angel” whose credit ratings were downgraded to uninvestable status.