China Property Crisis

China Evergrande Group received a liquidation order from a Hong Kong court, setting off what's likely to be a daunting process to carve up one of the biggest victims of a years-long and nationwide property debt crisis.

China's economy last year grew at one of its slowest rates in more than three decades, official figures showed Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global turmoil.

China's economy likely grew at its weakest annual rate for more than three decades in 2023, data is expected to show Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global uncertainties.

Hui Ka Yan, the founder of China Evergrande Group that's at the epicentre of China's property crisis, has been put under police control, suggesting the firm may have entered a new phase involving the criminal justice system.

The billionaire boss of beleaguered Chinese property developer China Evergrande is being held by police, a report said Wednesday, as the debt-ridden company grapples with severe financial difficulties.

Evergrande began to falter after China began cracking down on the property sector in 2020.

Yang Huiyan is no longer Asia's richest woman as China's property crisis hammers the nation's developers, including her Country Garden Holdings Co.

Asia's wealthiest woman lost more than half her fortune over the past year as China's real estate sector was rocked by a cash crunch, a billionaire index showed Thursday.

China Evergrande will sell a majority stake in its property management business for more than $5 billion, Chinese media said on Monday, a deal which would be the largest asset sale yet at the debt-laden property developer if it goes ahead.

A Chinese man has proposed a bizarre plan involving 1.5 million people with hand-held fans to tackle the capital city's smog, a media report said on Monday.

The abrupt end of Japan's boom in the 1990s, complete with stock crash and property bust, offers the most striking similarities, and the most valuable lessons.

With the number of retirees in China set to increase rapidly due to demographic crisis, the country's pension fund would not be enough to pay them by 2023, according to a state-run think tank.

With a faltering property market increasingly dragging on manufacturing and investment, the reading was the slowest for the world's second-largest economy since early 2009, when the growth rate tumbled to 6.6 per cent.

Europe's debt crisis is adding to strains on China just as the country is pricking its property bubble and facing a manufacturing downturn, limiting the ability of the world's No. 2 economy to prop up global growth.

Fears of euro collapsing to unleash a tsunami of financial and economic disruptions around the globe, have added urgency to concerns that China's campaign to cool overheated housing prices may go too far.

China Evergrande Group received a liquidation order from a Hong Kong court, setting off what's likely to be a daunting process to carve up one of the biggest victims of a years-long and nationwide property debt crisis.

China's economy last year grew at one of its slowest rates in more than three decades, official figures showed Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global turmoil.

China's economy likely grew at its weakest annual rate for more than three decades in 2023, data is expected to show Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global uncertainties.

Hui Ka Yan, the founder of China Evergrande Group that's at the epicentre of China's property crisis, has been put under police control, suggesting the firm may have entered a new phase involving the criminal justice system.

The billionaire boss of beleaguered Chinese property developer China Evergrande is being held by police, a report said Wednesday, as the debt-ridden company grapples with severe financial difficulties.

Evergrande began to falter after China began cracking down on the property sector in 2020.

Yang Huiyan is no longer Asia's richest woman as China's property crisis hammers the nation's developers, including her Country Garden Holdings Co.

Asia's wealthiest woman lost more than half her fortune over the past year as China's real estate sector was rocked by a cash crunch, a billionaire index showed Thursday.

China Evergrande will sell a majority stake in its property management business for more than $5 billion, Chinese media said on Monday, a deal which would be the largest asset sale yet at the debt-laden property developer if it goes ahead.

A Chinese man has proposed a bizarre plan involving 1.5 million people with hand-held fans to tackle the capital city's smog, a media report said on Monday.

The abrupt end of Japan's boom in the 1990s, complete with stock crash and property bust, offers the most striking similarities, and the most valuable lessons.

With the number of retirees in China set to increase rapidly due to demographic crisis, the country's pension fund would not be enough to pay them by 2023, according to a state-run think tank.

With a faltering property market increasingly dragging on manufacturing and investment, the reading was the slowest for the world's second-largest economy since early 2009, when the growth rate tumbled to 6.6 per cent.

Europe's debt crisis is adding to strains on China just as the country is pricking its property bubble and facing a manufacturing downturn, limiting the ability of the world's No. 2 economy to prop up global growth.

Fears of euro collapsing to unleash a tsunami of financial and economic disruptions around the globe, have added urgency to concerns that China's campaign to cool overheated housing prices may go too far.