The floor area of homes sold in 17 cities tracked by China Index Academy slumped 33% from a month earlier, with Guangzhou plunging 48% and Beijing sinking 34%.

A subindex of the Caixin/Market PMI showed factory jobs slumped to the lowest level in 27 months in July while property sales by floor area in 17 cities slumped 33%.

Contraction in energy-intensive industries, such as petrol, coking coal and ferrous metals, contributed most to pulling down the July manufacturing PMI, said a data chief

What's next for China Evergrande after it offered offshore creditors shares in two overseas-listed units in a bid to solve its liquidity crisis

The ailing real estate group plans to offer sweeteners in the form of shares in two of its overseas-listed units as part of its debt revamp

British companies worried about the West’s relationship with China are cutting ties with the world’s No2 economy

Chinese state media said Beijing will avoid using a flood of stimulus to revive its fortunes and will look to boost consumer demand

Hundreds of suppliers are protesting at being left unpaid and most employees immediately dismissed, without knowing if they will get wages for their last two months, the SCMP said

The marine news publication Lloyd's List said an anonymous entity based in Dalian has bought several very large crude carriers to create the hub off the coast of Portugal

Some analysts have said the US tech giant could face a drop in demand given China's weak economy and the slump in smartphone sales in the second quarter.

The rise in the group's stock was prompted by the company's proposed buyback of $400 million worth of shares.

The policy, driven from the top by Chinese leader Xi Jinping, has resulted in pay cuts and delayed bonuses for staff of state-owned lenders such as CICC and Citic Securities