China Vanke Co. and China Overseas Land & Investment Ltd. should continue to paint a pessimistic picture of China’s property sector when they report earnings, showing the limits of the government’s stimulus efforts.
A shortage of liquidity and surplus of unbuilt homes have plagued developers. The country’s rescue package that included a 300 billion-yuan ($42 billion) relending program has done little to stem the rout. New home residential sales slumped further in July by almost 20%.