On December 20, a chat screenshot went viral on Chinese social media, stirring up quite a shock. It claimed that Vanke’s downfall sparked a political upheaval in Shenzhen, with Shenzhen Metro’s top brass reportedly under travel restrictions. The message stated that Vanke was already in the process of bankruptcy proceedings, with buyers ready to swoop in after allegedly draining hundreds of billions of yuan. It also mentioned that nearly all village leaders in Longhua were being investigated. The source of this information is unknown, and its truthfulness can’t be confirmed. While some call it a rumor, in China, these so-called rumors often turn out to be eerily accurate, sometimes even outpacing official news reports.
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