Rising concern about consumer and business confidence in China - as strict curbs aimed at stamping out Covid-19 undercut a return to prosperity - have hampered growth

The beleaguered developer's two most senior executives submit their resignations after audit reveals involvement in improperly diverting funds

JPMorgan has raised its emerging markets corporate high-yield default forecast to 10.7% for 2022, and said on Thursday Chinese developers' default rate could be near 40%.

Efforts to revive the sector, which could account for up to 30% of GDP, with lower mortgage rates, easier credit, subsidies and relaxed regulations have not worked yet, a report says

Wheat and garlic are being accepted as property down-payments as desperate China developers scramble to boost sales after a plunge in sales from January to May.

The calls come as global fixed-income traders sold about $35 billion worth of yuan-denominated bonds in the first four months of this year

New construction starts measured by floor area plunged 30.6% in January-May from a year earlier, after a 26.3% fall in January-April

Shanghai rebounded after exiting a two-month lockdown, with all of the 36 lots on sale sold in China's biggest city by economic output

The government has eased mortgage costs through interest rate cuts, relaxed some rules on ownership of second homes and urged banks to lend more to buyers

Applications have been filed at two mainland stock exchanges for China's first public real estate investment trusts (REITs) based on residential properties.

Greenland Holdings could become the first state-backed construction giant in China to defer a large offshore bond debt in coming weeks

Up to a third of China's high-yield property developers could default in 2022 as stresses on bond maturities increase, Goldman Sachs warned in a note on Friday