The restructure would give creditors many options such as converting debt into cash and extending maturity. It comes ahead of a liquidation hearing on January 20.

Trump's tariff threats have rattled the yuan, driven mainland bond yields down and got stocks off to a bad start to 2025

The two new initiatives unveiled on Friday are subsidy programmes for consumers, and a subsidy for large-scale equipment upgrades for businesses.

Beijing plans to issue a record amount of debt in a bid to maintain economic growth while trade with the US faces the threat of higher tariffs

The national government has approved a 1,500km rail link from Hanoi in the north to Ho Chi Minh City in the south, which is tipped to start in 2027 and be completed by 2035

Hundreds of investors urge officials for an update on the liquidation of the debt-laden developer, but avoid staging a public protest

Prices of Adani bonds fell further on Monday, while parliament was suspended amid an uproar over US charges laid against billionaire Gautam Adani, who has close ties with PM Narendra Modi

Sources say the country's biggest developer has given a revised debt-restructuring plan to some foreign creditors; it had total debt of close to $190 billion last year

US trade with China, the fight against global warming and the war in Ukraine will face major changes once Trump takes office. He may also dramatically alter the federal government

A protectionist shift in US politics will spell further bad news for China’s currency and equities

Some 60% of $1.4 trillion package will help lower local governments' hidden debt, while 40% will fund buybacks from cash-strapped developers

Beijing may approve the issuance of debt totaling $1.4 trillion next week to bail out local governments, but the amount could be raised if Trump wins the US election