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

Some city governments have hindered developers' access to tens of billions of dollars from property sales as the economy weakened in the second quarter

The struggling electric vehicle unit has been under pressure with its parent company trying to find a way out of a two-year debt crisis

Top leaders vowed 'forceful' measures to boost the economy but analysts were disappointed by the lack of detail to resolve concerns like the property downturn, local government debt, job creation and consumption

The new governor of the People's Bank of China has been described by some as a hawkish and capable technocrat experienced in crisis management

Real estate giants like Country Garden and Sunac China saw their shares rise 18% and 17% while investors also piled into property firms’ bonds

Top decision-makers vow to boost demand for autos, electronics and adjust property policies in a timely manner, Xinhua said

Senior leaders' vow to bolster support for China's ailing economy lifted the yuan and stocks on local markets on Tuesday