Tag: debt crisis
China’s Vanke Founder Wang Shi Faces Allegations as Political Backing Appears to Fade
Wang Shi, the 74-year-old founder of Vanke, China's once-dominant state-backed property giant, once broke...
China Property Giant Vanke Faces Scrutiny as Ex-Chairman Disappears From View
As China’s real estate downturn deepens and debt risks continue to mount, Vanke, one of the country’s...
World Bank Paints Grim Economic Picture For Dozens of Low to Middle-Income Countries: New Report
The World Bank has released its annual report, this year titled, “Finance For an Equitable Recovery,”...