Even China’s Property Stalwart Isn’t Immune From the Crisis

HONG KONG—One of China’s biggest property companies warned of a multibillion-dollar loss with its top executives resigning on Monday, raising fears that even developers once regarded as among the country’s most solid are vulnerable to China’s brutal, drawn-out real-estate crisis. 

China Vanke warned on Monday of a loss of 45 billion yuan, equivalent to around $6.2 billion, for 2024, and said Chairman Yu Liang and Chief Executive Officer Zhu Jiusheng will resign.