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Business

China’s most indebted firm is too big to fail

THERE’S a lot working against China’s most indebted property firm. China Evergrande Group is sitting on US$113.7bil in debt and its core profit fell 45% in the first half of the year.

Business

Chinese property bonds’ time in the sun may be at an end

SHANGHAI: Chinese developer bonds’ healthy run may be coming to an end.

Business

Billionaire’s detention rocks his Chinese real estate empire

NEW YORK: Chinese billionaire Wang Zhenhua was detained by Shanghai police, triggering an investor exodus from his real estate empire that erased more than $4 billion of market value and sent several of his companies’ dollar bonds tumbling.

SMEBiz

China focuses on electric cars

PIECES of an electric car hang from the ceiling of the Chinese real-estate developer’s showroom, evoking an edgy installation at a modern art museum. In reality, they’re a symbol of the nation’s industrial ambitions.

Business

Electric-car bubble at risk of bursting in China

BEIJING: An iPhone assembler, e-commerce emporium and real-estate developer typically don’t compete in the same business – except when it comes to electric vehicles in China.