China's property sector has over the past two years been thrust into a severe debt crisis with many developers defaulting on payments

The Economic Daily commentary comes with some property investors clamouring for more supportive measures for the sector from Beijing

Major Chinese cities have seen a rebound in home sales over the past month, as pent-up demand was unleashed after the roll back of stringent Covid curbs

The debt restructuring plan has not proven popular with Evergrande dollar bondholders, with one likening it to lending a bucket of rice and then being repaid back with two grains

Home sales by floor area in January-February dropped 3.6% from a year earlier, compared with a 24% decline for the whole of 2022

Data was in line with hopes for an economic revival led by consumption as flagging global demand weakened Chinese exports

China is home to 14 of the 15 global regions most vulnerable to climate change, with Jiangsu province, which accounts for a tenth of national GDP, the world's most vulnerable, major study says

Home prices in the territory dropped in 2022 with December seeing the seventh consecutive monthly decline

Prices in December declined 0.2% month-on-month, the fifth consecutive monthly fall and at the same pace as in November

The world's most indebted property developer has been struggling to repay its many creditors, making this a 'crucial year' for debt repayment

Banks have started to dial back their exposure to the ailing sector with total real estate loans rising just 3.3% this year while overall lending rose 7.9%

The developer will issue 870 million new shares, or 3.6% of the enlarged share capital, at HK$3.25 each, to professional and institutional investors in the share sale