China Vanke Forecasts $6.2 Billion Loss, Replaces Top Executives

China Vanke, one of the country’s largest developers, cleared out its top executives and said it anticipates a $6.2 billion loss, a sign the property meltdown is still raging. China Vanke Co Ltd, China, China Evergrande Group, Country Garden, Real Estate (Commercial), Shenzhen (China) China Vanke, one of the country’s largest developers, cleared out its top executives and said it anticipates a $6.2 billion loss, a sign the property meltdown is still raging. NYT > Business