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Chinese property giant Vanke warns of huge loss, CEO resigns
Chinese property giant Vanke warns of huge loss, CEO resigns
Economy
by  AFP

Indebted Chinese property giant Vanke said Monday that its CEO had resigned due to "health reasons", after state-backed media reported he had been taken away by authorities. Vanke has not confirmed Zhu's detention but said in a statement on Monday that he "has applied to resign... owing to health reasons".