China debt crunchShareholders approve new share issuance, loan arrangements for embattled developerChina Vanke's shareholders meeting was held May 29 at its registered address in Shenzhen's Yantian district, currently a school. (Photo by Wataru Suzuki)WATARU SUZUKIMay 29, 2026 22:11 JSTSHENZHEN -- Embattled property developer China Vanke obtained shareholder approval on Friday for a new share issuance and loan arrangements, but some investors expressed skepticism over the chances of a successful state-led turnaround.