Hedge fund boss said China needed to slash its debts as "burdensome debt service payments are freezing the economy, especially at the provincial level"

Debt-laden Chinese builder seeks protection via the US bankruptcy code, which shields non-US firms undergoing restructuring from creditors that hope to sue them or tie up assets in the US

The PBOC's unexpected move on Tuesday comes as data for July showed weak retail sales and industrial growth. Analysts say more support is urgently needed to avoid a 'downward spiral'

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

Analysts say the days of pretending local governments will resolve their debt crises appear over, with Politburo leaders expected to provide rare central budget funds to slash debts totalling at least $12.8 trillion

The bank’s deputy governor Shinichi Uchida said recent moves were focused on bond market stability and not a sign of a major policy shift

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

Move by one of China's biggest developers to refinance part of a 2019 loan sent its shares down over 5% and left its bonds near record lows, as it faces more repayments this year

Wanda Group must pay a $400m bond on Monday, then a further $488m on the 29th, and a $600m bond in January. It's debt crisis has sparked fears more real estate giants could tumble