China Evergrande Group

China's top real estate developers, Evergrande and Country Garden, have defaulted on their debts. But the issues in China's property market have much deeper roots.Desperate property developers in China have resorted to gifts like new…

The site of a real estate building under construction in Huai 'an city, Jiangsu province, China, December 26, 2023.CFOTO | Future Publishing | Getty ImagesChina is facing the prospect of a long-drawn correction in its property sector,…

This is not the first time that Evergrande's shares have been suspended. Trading was suspended in March last year and only resumed trading on Aug. 28, after a 17 month hiatus. Earlier this month, Evergrande delayed a debt restructuring…

This comes as after the company said that it would delay a debt restructuring meeting due Monday.On Sunday, the company also revealed that due to an investigation into subsidiary Hengda Real Estate, it was unable to issue new notes under…

Beijing's deteriorating economic fundamentals have become starkly apparent in recent months, with July's data broadly missing expectations.China's headline consumer price index fell 0.3% year-on-year in July to register deflation for the…

23 Mins AgoEurope stocks open higherEuropean stock markets opened higher before extending gains in early trade, with the Stoxx 600 index up 0.9% at 9:07 a.m. BST. All sectors posted gains and tech stocks were 2% higher, following upbeat…

New home sales for the top 100 developers in China dropped by about a third in June and July from a year ago, after double-digit growth earlier in the year, according to S&P Global Ratings.Late Thursday, the world's most indebted…

Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022.Future Publishing | Future Publishing |…