China Vanke says its objective is to cut interest bearing debt by 100bn yuan in next 2 yrs ...Middle East

Vanke is (was) one of China's biggest real estate developers. Its been in troubles:China still can't shake off property market woesMoody's withdraws China property developer Vanke 'Baa3' rating (Baa3 is the lowest investment grade rating there is and that's gone.)China Vanke now says its objective is to cut interest-bearing debt by 100bn yuan in the next 2 yrsVanke's Chair says he maintains view that property market has over-corrected This article was written by Eamonn Sheridan at www.forexlive.com.

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