Beijing Steps In: Vanke’s Bailout Amid China’s Real Estate Meltdown | Vantage with Palki Sharma In a critical move to avert a wider real estate market collapse, Beijing has intervened to support Vanke, one of China’s largest property developers, now teetering on the edge of failure. This intervention marks a departure from China’s previous stance during the defaults of giants like Evergrande and Country Garden, where direct aid was withheld. Following a downgrade to ‘junk’ status by Moody’s, Chinese bank
