IMF chief economist says China’s economy is strained by its property crisis and warns that domestic demand will stay weak until strong action is taken to remedy that

China saw 5.3% growth in the first quarter, well over analysts' expectations, but data on retail sales, industrial output and property investment shows the domestic economy is struggling

Truong My Lan was found guilty of fraud amounting to $12.5 billion – nearly 3% of the country’s 2022 GDP

The biggest money-laundering case found in Singapore has led to officials tightening oversight, but small terms given to 2 men who found guilty last week stirred anger online

The ailing real estate giant is being sued over its failure to repay a loan to state-backed China Construction Bank (Asia) amid a controversial debt restructure

Investors led by PE firm PAG have bought a 60% stake in property giant Dalian Wanda's mall unit, which runs close to 500 malls across China

Banks have been reluctant to deepen their exposure to the ailing real estate sector but regulators are pushing for speedier new loan approvals to developers

The creditors’ opposition to the proposal could be a major problem for the ailing property giant and China’s crisis-hit real estate sector

Sources say China's biggest developer, which went into default in October with debts of $190 billion, has hired Kroll to do a liquidation analysis; it could be the second giant builder to go under

Beijing wants its banks to “whitelist" selected real estate firms to help ease the sector's liquidity squeeze and encourage home purchases

Foreign investment into China fell 19.9% in the the first two months of 2024 from the amount in January-February last year to 215 billion yuan ($30 billion), the Commerce ministry said on Friday

British insurance giant and asset manager has put off its plan to seek obtain a business licence and halved its staff in China, sources say