With its reserves nearly depleted, debt payments looming, and its currency down by 40%, the government's only option is an IMF bailout backed by the World Bank and ADB, analysts say

Commercial paper delinquencies more than doubled from Sept 2021 to now, with 1,184 companies overdue on at least three payments in the six-month period or overdue in February

China is drafting nationwide rules to make it easier for property developers to access funds from sales held in escrow accounts in its latest move to ease a severe cash crunch in the sector