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The financial mess created by China’s property crisis is much bigger than anything Beijing has created to deal with it thus far.
Winding up petitions are unlikely to be accepted by Chinese courts, experts say.
In a bid to sustain the economy, Beijing resorts to the issuance of new bonds and the printing of money.
A car rammed into the Chinese consulate in San Francisco, coming to a stop in the lobby, and ended with the police fatally shooting the driver.
The Chinese property developer is facing default risk as it warns of difficulty to meet all of its offshore payment obligations.
Latest news on China’s economy shows a slight improvement but huge problems remain and will not go away any time soon.
The People’s Bank of China (PBoC) trimmed a key interest rate and left a separate policy rate unchanged as the country grapples with a storm of economic challenges, including in the nation’s troubled property sector.
