Daisuke Wakabayashi and Claire Fu

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Real Estate Crisis Triggers New Alarms Over China’s Shadow Banks

A financially troubled firm has stopped paying investors, risking panic and testing the Chinese government’s resolve to take on debts from its property crisis.

Country Garden, China’s Indebted Developer, Meets Payment Deadline

The embattled Chinese property giant is said to have avoided default by meeting a deadline to pay interest on small loans. But it must repay...

China’s Biggest Homebuilder Fights to Survive as Economic Crisis Deepens

Once considered a survivor of China’s real estate turmoil, Country Garden is now at the center of the crisis and threatens the broader economy.

A Crisis of Confidence Is Gripping China’s Economy

China’s economy, which once seemed unstoppable, is plagued by a series of problems, and a growing lack of faith in the future is verging on...

Nanchang, Once a Symbol of China’s Growth, Signals a Housing Crisis

Nanchang’s skyscrapers represented urban transformation, but the city added apartments faster than its population grew. The result: vacant homes and offices.

To Rein in China’s Banks, Xi Uses Familiar Playbook

Xi Jinping is revamping China’s regulatory framework so the ruling Communist Party can assert more direct control over financial policy.

China Says U.S. Balloons Entered Its Airspace Over 10 Times Since 2022

The claim followed a weekend of aerial theatrics, with Washington and Beijing spotting unidentified flying objects in their airspaces.

China’s Bid to Improve Food Production? Giant Towers of Pigs.

High-rise hog farms have sprung up nationwide as part of Beijing’s drive to enhance its agricultural competitiveness and reduce its dependence on imports.

From Disciplinarian to Cheerleader: Why China Is Changing Its Tone on Business

With the economy in a fragile state, Chinese officials are starting to use more business-friendly language, and also to back their words with action.

How Will China Fare With Covid? ‘Meaningless’ Data Clouds the Picture.

Despite assurances that the situation is under control, information on infections has become more opaque now that Beijing has rolled back pandemic restrictions.
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