Vanke Reports $2.5 Billion Loss in Third Quarter Amid China Housing Slowdown.

China's Vanke Co. reported a $2.5 billion loss in the third quarter, reflecting the challenges faced by the property developer in paying off debt amidst China's housing slowdown. The company's net loss of 8.1 billion yuan brings its total losses for the first nine months of the year to 17.9 billion yuan. Vanke's struggles highlight the broader real estate crisis in China, with government efforts to stimulate the sector yet to significantly boost homebuyer demand. The company is working to address liquidity concerns by raising funds and selling assets. [Extracted from the article]