China Business & Economy

By Alex Wu China’s economy has slumped further in the second quarter of the year, with manufacturing slowing unexpectedly and a downturn in the real estate sector intensifying, according to official and independent…

By Julia Ye The Chinese real estate market collapsed in July with all indices falling. An expert predicts that the real estate plunge, together with the economic slowdown, will lead to…

By Nicole Hao China plans to collect up to 300 billion yuan (about $44.4 billion) to support real estate developers struggling to finish their projects, while over half a million buyers…

By Law Ka-Chung The China debt crisis led by the real estate bubble burst will be unprecedented. Even a single major developer could have a trillion Yuan (US$145 billion) debt;…

By Sophia Lam The founder of a Chinese financial news media and a director of his company were reportedly sentenced to different imprisonment periods for alleged “illegal business operations.” Wu Xiaopeng,…

By Sophia Lam Since June, at least nine Chinese cities have been reportedly encouraging residents, including government employees, to “group buy” designated properties in an effort to boost local property sales.…

By Christopher Balding News Analysis The state of banks in China dominates concerns about the economy and global growth. With pictures of angry crowds outside banks and tanks on the street in one…

By Dorothy Li The Chinese regime fined ride-hailing giant Didi 8.026 billion yuan (about $1.2 billion) for data security breach following a yearlong probe that forced the company to delist from the United…

By Anne Zhang Due to the limited supply of domestic lithium resources, battery-related companies in China have stepped up their competition for outside lithium sources. Responding to a tweet on July…

By Frank Yue More than 40,000 homebuyers have threatened to cease paying their bank mortgages for pre-sold yet unfinished apartments unless developers resume construction. The distressed homebuyers have informed mortgagees of…