Vanke's $12 billion record loss underscores how its ability to avoid default depends on how far its state shareholder is willing to support the stricken property developer https://www.bloomberg.com/news/articles/2026-02-02/vanke-s-record-loss-leaves-developer-at-mercy-of-state-backer?taid=698009fc0d6a040001324d17&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter