Move to relax lending rules seen as unlikely to have a significant impact because banks won't lend to private developers unless they're forced to, analysts say

Crypto trading has remained popular in China despite being banned on the mainland three years ago; endorsement of crypto in Hong Kong has allowed easy access to bitcoin and other tokens

The group owns more than $2 billion in offshore notes guaranteed by the real estate firm which faces $300bn in liabilities

The number of foreclosed home deals in China jumped by well over a third to nearly 390,000 in 2023, while new home prices suffered their worst slump in nine years

Leading US economist Paul Krugman says China masked its inadequate consumer spending for years by promoting an "insanely large" real estate bubble, which is now being deflated

It’s feared the unrelenting downturn in the sector that accounts for around a quarter of China's economy could drag on the country's broader recovery

A slew of economic readings early on Wednesday suggest China lost more momentum heading into the new year, despite a flurry of government support measures; investors appeared most rattled by ominous real estate data

The economic slowdown and uncertainty over jobs has led to many young Chinese opting to stay single and give up on dreams of having children

"The challenges to be faced by the company this year may be more severe than we imagine; we have to respond calmly," Country Garden President Mo Bin said

Consumer prices fell for a third month in December while factory-gate prices extended a more-than-year-long decline, data from the National Bureau of Statistics showed

Tumbling confidence sparked by the deepening property crisis and weakening consumption have seen a REITs index drop nearly 50% from an early 2022 peak

China's central bank is under pressure to cut rates at a time it faces falling prices, which may discourage private investment and spending; experts say structural reforms are needed