China

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.

Ford Mustang Mach-E production begins in China

Production of the Ford Mustang Mach-E has kicked off in China where the automaker is building it for local consumption. This is the first time that a product with the Mustang name has been built in the country.

Power squeeze curbs Chinese growth, leaves Europe in a gas bind

China's power shortages hit growth in the world's second-biggest economy, threatening more pain for global supply chains, while Europe's gas squeeze looked set to continue as Russia's Gazprom showed no sign of hiking exports to the region in October.

China's economy stumbles on power crunch, property woes

China's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks, and major wobbles in the property market and raising pressure on policymakers to do more to prop up the faltering recovery.

US solar group seeking tariffs refuses to reveal its members

A U.S. solar group seeking import tariffs on panels made by Chinese companies in Southeast Asia has refused a request by federal trade officials to reveal its members' identities, citing fears of retaliation by Beijing, according to a document the group filed with the Commerce Department on Wednesday.