China Evergrande Group said on Sunday it had resumed work on the projects in Shenzhen, Dongguan and other cities
The property giant's success mirrored the country's transformation from an agrarian economy to one that embraced capitalism. Its struggles offer a glimpse of a new financial future
Citigroup too expects Beijing to help out Evergrande Group, the world's most indebted developer.
Brent crude was down 58 cents, or 0.8%, at $70.01 a barrel by 0943 GMT. US oil fell by 64 cents, or 0.9%, to $67.80. Both contracts dropped by more than $1 earlier in the session
China's economic growth will soften this year due to summer flooding and anti-coronavirus controls, an official said Monday, after consumer sales and other activity weakened in July
China's economy has rebounded to its pre-pandemic growth levels, but the expansion appears to be losing steam
China's vehicle sales slid in July for a third consecutive month, hit hard by flooding in some areas of the country, Covid-19 outbreaks in other areas and the global shortage of semiconductors
China's factory gate prices rose at a slightly slower pace in June, providing some reprieve for businesses though persistently high raw material costs are threatening to undermine economic recovery
The World Bank raised its forecast of China's economic growth this year to 8.5 per cent from 8.1 per cent and said Tuesday that a full recovery requires progress in vaccinations against coronavirus
China's services sector expansion slowed in May, a private sector survey showed on Thursday, with weaker overseas demand and increased costs putting pressure on businesses
China's main industrial commodities tumbled on Thursday after the government announced stepped-up measures to keep a lid on soaring raw material prices which threaten to undermine economic recovery
China's exports surged 32.3 per cent over a year earlier in April as global consumer demand strengthened, while imports rose 43.1 per cent
Exports in dollar terms skyrocketed 154.9% in February compared with a year earlier, while imports gained 17.3%, the most since October 2018
The spending figure, set at $208.47 billion in the national budget released on Friday, is closely watched as a barometer of how aggressively the country will beef up its military
Psaki stated that the Biden-Harris administration would be tackling the threat posed by Beijing with strategic patience and discussing with the US Congress
China's services sector activity expanded at a slower pace in December, a private sector survey showed on Wednesday, as sporadic coronavirus outbreaks tempered the recovery in consumer confidence
China's factory activity expanded in December but at a slower pace, as the country leads a pack of major economies emerging from the coronavirus slump
China will overtake the United States to become the world's biggest economy in 2028, five years earlier than previously estimated due to the contrasting recoveries of the two countries from pandemic
China's exports rose at the fastest pace since February 2018 in November, helped by strong global demand and as the factory recovery from Covid-19 outpaced those of its major trading partners
Chinese consumers spent over $100 billion during this year's Singles' Day shopping festival, signalling a rebound in consumption as China recovers from the coronavirus pandemic