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Sat, January 29, 2022 | 01:29

Fantasia downgraded to default status by rating agencies as Chinese property sector crisis worsens

Fantasia Holdings Group, the debt-laden property developer founded by the niece of a former Chinese vice-president, has been downgraded to default or near default status by the three major credit rating agencies after it missed a bond repayment this week.

2021-10-06 16:11

Chinese developer Fantasia defaults on bond as Evergrande crisis rolls on

Chinese developer Fantasia defaults on bond as Evergrande crisis rolls on

Fantasia Holdings Group, the Shenzhen-based property developer founded by the niece of a former Chinese vice-president, has failed to repay $205 million of debt due on Monday.

2021-10-05 13:49

Fantasia downgraded to default status by rating agencies as Chinese property sector crisis worsens

Korean War epic leads the way as patriotic themes set tone for Chinese movie releases over the National Day holiday

Patriotic films will dominate China's cinema screens during the National Day Holiday, which started Friday, with three out of the 10 new releases marking the Communist Party's centenary.

2021-10-02 14:14

Ganging up on China 'is doomed to fail', Beijing's ambassador tells India

India should maintain "strategic autonomy" instead of joining any exclusive alliances against its neighbor, Beijing's top envoy in New Delhi said, days after leaders of the Quad gathered in Washington for their first in-person summit, with Beijing a veiled target.

2021-10-01 16:20

China pushes back against Xinjiang criticism in event hosted by its UN delegation

China pushed back against criticism of policies in its Xinjiang Uygur autonomous region (XUAR), calling them "a legitimate struggle against terrorism" in an event that its delegation to the United Nations organized with the participation of Russia and other allies.

2021-09-30 15:23

From 'controlled demolition' to near-certain default: Money managers outline views on Evergrande's crisis

As China Evergrande Group fights for survival under more than 1.97 trillion yuan ($305 billion) of liabilities, speculation is mounting that a painful restructuring is inevitable.

2021-09-24 15:52

Banks collaborate with financial authorities on Evergrande risk review

Hongkongers celebrating Taiwan's Double Tenth public holiday risk secession charge, security chief warns

Celebrations in Hong Kong of Taiwan's Double Tenth public holiday risk breaching the national security law, a top official has warned, saying acts aimed at separating the island from China could be considered secessionist.

2021-09-23 15:56

Fears grow in China for missing #MeToo activist and labor rights campaigner

Two activists based in the southern Chinese city of Guangzhou - including one of China's most well-known women's rights campaigners, have lost contact with their friends, raising fears that the pair may have been detained by police.

2021-09-22 14:17

Guangzhou R&F sells assets to Country Garden for 10 billion yuan cash, ditching unit's IPO plan as funding crunch bites

Guangzhou R&F Properties' services unit has decided to sell three assets that form the core of a potential Hong Kong stock offer to a competitor for cash, seeking a bailout as the Chinese central bank's crackdown on debt ceilings since August 2020 is starving companies of much-needed cash.

2021-09-21 12:38

World shares jolted by Evergrande crisis as debt payment test looms

Chinese military steps up night drills and brings in more advanced equipment close to Indian border

The Chinese military's Western Theatre Command has introduced more night drills for units stationed near the Himalayan border as it seeks to familiarize its troops with new-generation weapons and equipment.

2021-09-20 12:39

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