Troubles at multiple Chinese shadow banks show how a faltering property sector is causing strain throughout the country's financial system

The crisis at Zhongzhi threatens to reignite concerns that China's property debt crisis is spilling over into the country’s broader financial sector

Some new local government debt quotas for 2024 have been issued in advance to reasonably ensure local financing needs, China's newly appointed finance chief said

Debt-heavy municipalities represent a major risk to the world's second-largest economy and its financial stability, amid a deepening property crisis

China's deepening property crisis has added to the pressure on local municipalities, with developers in no shape to buy new plots of land and provide some revenue

The developer's already battered Hong Kong-listed shares slipped more than 8% on Tuesday, taking the stock's losses to more than 27% in two days

Zambia defaulted on its debt in 2020 and has made little progress in restructuring it with Chinese and private creditors to date

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

The average ratio of public debt to gross domestic product—a key measure of a country’s fiscal health—rose to a record 67% last year in emerging market countries

Although debt ratios are lower than in the mid-90s, debt has been creeping up for the past decade and the composition of creditors has changed from mostly western nations to China

More disclosures are expected during the upcoming earnings season, putting pressure on Chinese authorities to do more to limit contagion