China's fiscal revenue grew at a slower pace in July, data released on Monday showed, as major banks continue to cut growth forecasts for the world's second largest economy

Debt-laden Chinese builder seeks protection via the US bankruptcy code, which shields non-US firms undergoing restructuring from creditors that hope to sue them or tie up assets in the US

Country Garden, facing $192 billion worth of debt, is saddled with nearly 1 million unfinished homes in 3,121 projects spread across all of China's provinces

Zhongzhi Enterprise Group, which manages over $137 billion in assets, has hired a top accounting firm to help it deal with a liquidity crisis. Its Zhongrong Trust has stopped payments to investors

The rearranged meeting will look at the $3.2bn restructuring plan for Evergrande's electric vehicle unit, which was made public on Monday to reduce its debts and help it stay afloat

Beijing's move to slash massive debts in the real estate sector is neutralizing growth prospects, as debt strains from developers and local governments spread across the economy

The PBOC's unexpected move on Tuesday comes as data for July showed weak retail sales and industrial growth. Analysts say more support is urgently needed to avoid a 'downward spiral'

Shares of China's biggest private developer tumble by 18% on Monday after trading was suspended in 11 onshore bonds issued by the group

With its regional governments facing unprecedented debt woes, economists say Beijing has realised it needs to urgently throw cash at the problem

Reports that China's third biggest developer is considering a debt restructuring, coupled with a warning that it might report up to $7.6 billion in losses for the first half, spooked investors

Shares of Country Garden, which had liabilities of $194 billion as of end-2022, fell 14% on Tuesday. The firm said its usable cash had declined due to a deterioration in sales and refinancing

New PBOC governor Pan Gongsheng met with companies on Thursday and pledged to channel resources, such as bonds and debt financing to help troubled property firms, local governments