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China Vanke Co.’s profit tumbled more than analysts expected last year and it vowed to slash debt by almost $14 billion, as the embattled developer tries to stave off default amid a protracted housing crisis, reports Caixin. Net income attributable to shareholders shrank 46% to RMB 12.2 billion ($1.69 billion) for 2023, the Shenzhen-based company…

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