China Vanke aims to cut interest bearing debt by 100 bln yuan in next two years

Reuters03-29

HONG KONG, March 29 (Reuters) - China Vanke said on Friday it aims to cut interest- bearing debt by 100 billion yuan ($13.84 billion) in the next two years.

The CEO of China's No.2 property developer by sales, Zhu Jiusheng, made the comment at an earnings conference.

($1 = 7.2275 Chinese yuan)

(Reporting by Clare Jim; Editing by Himani Sarkar)

((clare.jim@thomsonreuters.com;))

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