Officials from Danzhou city say the buildings will be completed and turned into rental housing, serviced apartments and used for commercial activities.

Japanese MPs want a land registration like the new one imposed in Britain to help identify real owners of land in key areas, amid concern over spying by China, Russia and North Korea

Debt-wracked China Evergrande said in a filing that its plot of undeveloped land near the border in Hong Kong has been sold by receivers for a price of close to $637 million.

The Peak district home has been reportedly seized by the China Construction Bank (Asia) in connection with an overdue Evergrande bond

China Evergrande said this week it has received a notice of enforcement from Shengjing Bank for unrecoverable funds totalling 32.595 billion yuan ($4.48 billion)

Some 14 auditors have severed ties with Chinese property firms listed in Hong Kong this year, which has raised concern about debt-ridden developers that have failed to publish financial results

China home prices and sales dropped further in October, according to private data, while Shanghai developer CIFI has suspended payment on offshore debt. Analysts say Covid policies are making the crisis worse.

The debt-ridden developer said it hopes to extend its repayment deadline after "experiencing significant declines in its sales and operations"

China will make $27.6 billion available in special loans to ensure the delivery of stalled housing projects, central bank governor Yi Gang said

New home prices fell in China for the second straight month in September, with falls in 54 cities, official statistics showed on Monday

"Our view is that China is still going to provide a bit of stability to global economic growth over the next year," Chief Executive of BHP Group Mike Henry said

Chinese officials plan to ease share financing rules for some real estate-linked firms, but analysts say it will take at least a year for the property sector to emerge from mountains of debt