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
The head of metals-to-oil group Vedanta expects annual revenue to double to $50 billion in the next 2-3 years, as it ramps up production of metals used in EV batteries
Chinese tech giant plans to leave the Russian market, according to a report by Novinite.com in Bulgaria, which cited Izvestia and said the company had stopped direct deliveries to the country
Exports sank in October by the most in more than two years, official data showed, the most since August 2020. Government vows to boost the economy but said it could take time.
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.
Shanghai's Covid caseload tops 2,700 on Tuesday, while Foxconn boosts pay fourfold to overcome recent worker exodus
New list expands the number of industries to 519 from 480 in the last publication of eligible sectors in 2020 and is part of a plan to improve industrial and supply chains.
China stocks sank again on Friday, with CSI 300 Index falling 2.5% and the Hang Seng plunging 3.7% to hit new lows since 2008; most other Asian markets edged down
The Japanese government said on Friday it will create an extra budget worth $200.8 billion to fund a package to help households and businesses cope with rising living costs.
South Korean tech giant aims to continue with its investment plans despite rivals moving to scale back output and spending, amid concern about a global recession.
An annual survey by the American Chamber of Commerce in Shanghai and PwC China found only 55% of 307 companies are optimistic about the five-year business outlook.