World number-three steelmaker Angang Steel lost nearly $1 billion last year, it said in a stock exchange filing, as the Chinese giant was hit by domestic overcapacity and poor demand.

Vanke, a major Chinese property developer, reported a substantial $6.8 billion loss in 2024 due to falling sales and ...

Debt-laden Chinese property giant Vanke reported annual losses of 49.5 billion yuan ($6.8 billion) on Monday, citing falling ...

China’s residential sales fell again in March, suggesting the recovery in the property sector remains frail. The value of new ...

China Overseas Land & Investment’s profit sank 40 per cent to 15.6 billion yuan, while Country Garden trimmed its loss to ...

ASX plummets in broad sell-off; gold at new highs; long-time WiseTech chair rejoins board; Todd Sampson exits Qantas; Domain ...

This year's Government Work Report, for the first time, proposed stabilizing the real estate market, showcasing China's ...

The fourth group blames deep adjustments in the real estate market for the decline in demand, high debt and oversupply. There is also a group holding the view that China is undergoing a balance sheet ...

Brokers are changing their pitch. Livestreaming is now a popular way to sell houses, with 500,000 agents on Douyin, the ...

China’s big banks are accelerating a drive to write off soured property loans to clean up their balance sheets as they heed calls by policymakers to back the world’s second-largest economy.

UBS analysts on Wednesday became the latest to raise expectations that China’s struggling real estate market is close to ...