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China Builder Vanke Tells Investors It Readied Money to Pay Bond

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One of China’s most-watched developers has told some investors that it readied cash for an upcoming yuan bond payment, a move that may boost a firm that’s faced concern about its liquidity amid a broader property debt crisis.

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China Vanke Crisis May Continue to Spell Trouble for Chinese LendersGreater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
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