China scrambles to prevent property developer Vanke bankruptcy
epa11218052 The Vanke logo displayed on a shopping mall in Shanghai, China, 13 March 2024. The Chinese government is keen to restore confidence in the country's beleaguered real estate industry and is working hard to prevent China Vanke from facing the same fate as Evergrande and Country Garden. Both companies defaulted on their debts, and are currently at risk of being liquidated. EPA/ALEX PLAVEVSKI
