A combination of Evergrande with Vanke, with the support of Baoneng, will create a mega developer with 270 billion yuan (US$38.8 billion) in combined revenue, way too big for Beijing to ignore, or trust. Photo: Reuters

Here’s why Evergrande’s pursuit of Vanke failed: politics

An Evergrande-Vanke merger, backed by Baoneng, will create a mega developer that’s too big for Beijing to ignore, or trust

Topic |   China Vanke

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A combination of Evergrande with Vanke, with the support of Baoneng, will create a mega developer with 270 billion yuan (US$38.8 billion) in combined revenue, way too big for Beijing to ignore, or trust. Photo: Reuters
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