China Vanke Sales Slump Continues, Adding to Debt Fears

(Bloomberg) — China Vanke Co. Ltd.’s sales slowdown continued in July, adding to liquidity pressure on the developer that has become the focal point of the nation’s property crisis.

Contracted sales for the month slumped 13% from a year earlier to 19.2 billion yuan ($2.7 billion), after a 29.3% slide in June, corporate filings show. The July contract sales were 24% lower than June.