China Vanke, Country Garden Navigate Persistent Property Headwinds
Road construction outside Vanke’s Donglu residential compound in Beijing, China.
Source: BloombergPersistent weakness in China’s housing market will be the main drag when property developers China Vanke Co., Country Garden Holdings Co. and China Overseas Land & Investment Ltd. report this week.
Vanke, in particular, will be closely scrutinized as it started reaching out to bondholders about delaying payment on a note due next month as it weighs a broader restructuring, according to people familiar with the matter.