Developers rush to delay payment deadlines, while Evergrande looks to have missed a third payment and Beijing is allegedly probing lenders' links to large builders

Liaoning province issued its second-highest power shortage alert on Monday, the fifth in two weeks, warning the shortfall could reach nearly 5 gigawatts.

Harbin unveiled moves Sunday to support developers amid the sector's debt crisis, vowing prompt return of some presale funds in state escrow accounts to cut cashflow pressure

The world's biggest personal computer maker said it would withdraw its application because financial information in its prospectus may lapse during the vetting process.

Property bonds sink after Modern Land asks to delay maturity on bond due this month. Holders of offshore Evergrande bonds also await news on $148m in payments after missed Sept deadlines.

Analysts estimate Evergrande's 'net gearing', as the ratio of debt to a firm's equity is known, was at least 177% at the end of the first half of the year, instead of the 100% its accounts reported.

Consumption dropped during the Golden Week holiday, suggesting that Beijing’s “zero-Covid” strategy and demand and supply shocks could cause another drop in GDP growth.

Meituan "abused its dominant market position in China's online food delivery platform market," said the State Administration of Market Regulation.

The ''vulnerabilities in China's financial system remain elevated and authorities face a difficult balancing act,'' says the Reserve Bank of Australia.  

Officials order 72 mines in Inner Mongolia to boost coal production by nearly 100 million tonnes as China battles worst power crunch and coal shortage in years

The Caixin/Markit services PMI rose to 53.4 in Sept from 46.7 in August, pulling away from the lowest level seen since the height of Covid last year.

Mukesh Ambani is set to open India's first 7-Eleven convenience store, as his Reliance conglomerate moves to boost its retail presence in the world's second most populous nation