Vanke surged, Vanke has always been one of the better real estate companies I have seen, being one of the earlier companies to transform. Wang Shi is quite outstanding and delegated authority early on. In fact, for entrepreneurs, delegating authority is a very difficult thing, especially for Chinese entrepreneurs who care more about lifelong hard work and struggle.

Something is wrong! S&P has downgraded Vanke's rating from CCC to CCC-

Personally, I don't think Vanke is that bad. Vanke's other businesses are okay and it is one of the earlier real estate companies to transform in the country. Vanke is not on the verge of bankruptcy; through asset disposal or extended financing, it may survive this round of crisis.

Moreover, the policy winds are starting to warm up, although the real estate market has lost its 'spring.' Those who know me understand that I have long considered real estate as junk assets, but I feel that this industry will continue to develop. Vanke has impressed me in my early analyses as being superior to other real estate companies.

One advantage domestically that the West completely lacks is the high efficiency of unified coordination in the domestic market. As long as the policies trend toward warming, Vanke will definitely get through this tough time. However, real estate is still considered junk assets, meant for living, not speculation. I also do not recommend investing for rental income; real estate, as a heavy asset, is just junk assets.

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