China Mulls $6.8 Billion Funding Plan to Help Vanke Repay Debt

China Mulls $6.8 Billion Funding Plan to Help Vanke Repay Debt

Chinese authorities are working on a proposal to help China Vanke Co. plug a funding gap of about 50 billion yuan ($6.8 billion) this year, according to people familiar with the matter, highlighting the government support for the distressed developer.

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