Vanke, one of the leading Chinese property developers, has recently disclosed a significant loss of $6.8 billion in 2024, citing plummeting sales and diminishing profit margins as the primary reasons. The company pointed to excessive expansion and a reliance on high-debt strategies as contributing factors to this financial setback. With a 26% decrease in revenue, Vanke also experienced top executive resignations, further exacerbating the tumult within the organization. This loss comes amidst a challenging period for the real estate sector in China, with other major developers such as Kaisa and Country Garden also grappling with substantial financial losses. The real estate crisis in China has had a widespread impact on the industry, leading to a wave of challenges for key players in the market.