Part 8/11:

Vanka's predicament raises pressing questions for the Chinese government, which has previously emphasized the importance of stability in the real estate market. Vanka, as a mixed ownership company—partly state-owned—heightens the stakes for government intervention. Juggling the desire to maintain credibility in the market while ensuring the livelihood of countless workers, the government faces a daunting challenge. Analysts believe Vanka must not fail; yet, reality suggests that the situation might be beyond state control.