China

G20 leaders find agreement on global tax deal

The Latest on the Group of 20 summit taking place in Rome: Leaders have expressed “broad support” for a landmark deal to establish a 15% global minimum corporate tax that aims at deterring multinational countries from using clever accounting to elude taxes by using low-rate havens.

China Evergrande wires funds for bond coupon, averting default

China Evergrande Group (3333.HK) wired funds to a trustee account on Thursday for a dollar bond interest payment due Sept. 23, a source told Reuters on Friday, days before a deadline that would have plunged the embattled developer into formal default.

Xi Jinping Faces Resistance to Property-Tax Plan

Chinese President Xi Jinping has made no secret of his desire to deflate China’s property bubble. He is facing resistance over a measure aimed at curbing housing speculation: a nationwide property tax.