China Evergrande Group has more than $300 billion in liabilities. (Source photos by Reuters)
China debt crunch

Evergrande's liquidation: 5 things to know about what comes next

'Arduous process' will test China property market, cross-border insolvency regime

30 January 2024
The headquarters of China Evergrande Group in Shenzhen. (Photo by Yusuke Hinata)
China debt crunch

Evergrande's liquidation is ordered by Hong Kong court

Heavily indebted Chinese developer fails to reach restructuring agreement with creditors

29 January 2024
Construction is seen in Beijing City Sub-center in Tongzhou.
Caixin

Beijing government repays bond 17 years early to save on interest

City cut interest costs by 70% in 2023 by paying off debt before maturity

29 January 2024
The Shanghai Composite Index rose 3% on Jan. 25 after measures to encourage lending, but still lags exchanges in the U.S. and Japan.
Markets

China stock valuations sink to 5-year low, led by finance sector

Price-book ratios slump amid investor doubts over lenders' asset quality

26 January 2024
Buying a newly built apartment in Japan's capital last year was more expensive than ever before. (Photo by Nikkei)
Property

Tokyo apartment prices hit record at nearly $800,000 in 2023

Average cost of new condos soars, with strong demand for swanky properties

25 January 2024
China Evergrande Group, which defaulted in 2021, has more than $300 billion in liabilities.
China debt crunch

Evergrande case could test China-Hong Kong insolvency arrangement

Liquidation hearing for heavily indebted Chinese developer set for Jan. 29

25 January 2024
The newly opened One City Centre in Bangkok has received a gold certification in LEED's green building rating system. (Mitsubishi Estate)
Property

Thailand's tallest office tower opens with green building status

One City Centre is Mitsubishi Estate's $250m project with Raimon Land

25 January 2024
Office buildings in the Zhongguancun tech hub in Beijing.
Caixin

Beijing rents fall as economic outlook falters

One-fifth of grade A office buildings vacant, highest rate in nearly 13 years

23 January 2024
A residential complex developed by Country Garden in Nanjing, China on Jan. 2.
Caixin

China's Country Garden pledges to deliver over 480,000 units in 2024

After failing goal last year, nation's former No. 1 developer lowers bar

17 January 2024
With a population of 4 million, Johor has been trying to develop new areas of the economy over the past two decades. (Nikkei montage/Getty Images)
Market Spotlight

Johor projects push Malaysia's lesser-known stocks to new heights

Southern state's economic zone with Singapore boosts developers, tech companies

8 January 2024
Residential buildings under construction in Tianjin, China in August 2023.
Caixin

China's cash-strapped local governments struggle to revive land sales

Many cities scrap price caps on residential plots to refill depleted coffers

6 January 2024
Country Garden Holdings announced that its annual contracted sales last year were cut in half from a year ago, while its December figure dipped close to 70% year on year.  
China debt crunch

Country Garden's sales in 2023 less than half previous year's

Sharp dip in December points to ongoing woes for Chinese developer

5 January 2024
Companies active in Asia are likely to make waves in a variety of sectors. (Nikkei montage/Source photos by AP, Reuters and Getty Images) 
Business Spotlight

Asia 2024: A dozen companies to watch as the year unfolds

Businesses worth following from semiconductors and EVs to nickel mines and arms

5 January 2024
Mainland Chinese stock price opened lower on Tuesday for the year 2024, after being one of the worst performers last year. (Photo by Kenji Kawase)  
Markets

China and Hong Kong shares suffer a dismal start to 2024

Mainland developers still in distress while EV makers face uncertainty

2 January 2024
An image of a furnished rental unit to be offered to highly skilled workers on a short-term basis. (Mitsubishi Estate)
Property

Japan's Mitsubishi Estate plans 10,000 homes for 'digital nomads'

Foreign highly skilled workers staying 1 month to a year will be targeted

31 December 2023
China's average per capita residential area is approaching that of developed economies but housing consumption varies widely because of the country's wealth gap.
Caixin

China aims to ease property crunch via new affordable housing push

Beijing expects local governments to shoulder hard part of financing, expert says

30 December 2023
A construction site in Seoul. Condo development has stalled recently across much of South Korea amid rising interest rates and stagnating prices.
Property

South Korea builder Taeyoung files for debt workout amid slump

Worries about industry credit crunch mount as higher rates dent real estate demand

29 December 2023
Residential towers in Yantai, China: Local government measures, such as lowering mortgage rates, have failed to halt a decline in residential home sales. (FeatureChina via AP Images)
Opinion

2024 outlook: China property market turn requires new growth model

Stronger safety net would encourage consumers to spend more

26 December 2023
Customers shop at a Beijing wholesale market in September. Economists expect weak consumption to weigh on China's economy in 2024.
Economy

China economists expect slower 4.6% growth in 2024

Specialists think the country will achieve this year's target of around 5%

26 December 2023
Japan's long post-bubble hangover offers lessens for China. Experts say decisive action, taken in a timely fashion, particularly fiscal spending, is key.
Caixin

China may find cure for stagflation by studying Japan's experience

As Japanese economy rises from slump, China's woes look familiar

22 December 2023
An office building owned by China Aoyuan Group is under construction in Hong Kong.
China debt crunch

Chinese developer Aoyuan files for U.S. bankruptcy protection

Troubled company follows in footsteps of Evergrande and Sunac

22 December 2023
 An Australian court has ordered Airbnb to pay a fine and compensation for misleading users over the currency they were being charged in. (Nikkei montage/Source photos by AP) 
Travel & Leisure

Airbnb hit with $10m fine for misleading users in Australia

Platform will also pay compensation to users confused over pricing

21 December 2023
A Chinese financial crisis triggered by a real estate bubble burst would throw a wrench into President Xi Jinping's goal of doubling China's gross domestic product, the Japan Center for Economic Research says.
Economy

China real estate crash would threaten goal of doubling GDP: report

Beijing's response to property debt crisis will have far-reaching effects

19 December 2023
China South City develops trade centers that combine commerce and logistics.
China debt crunch

Developer China South City to miss bond interest payments

Facility operator seeks support from creditors and Shenzhen shareholder

19 December 2023
Critical Holdings' strong market debut highlights investor confidence in the young company's growing business, which is benefiting from construction of new tech infrastructure like data centers and chip factories in Malaysia. (Nikkei montage/Source photos by Critical Holdings)
IPO

Malaysia's Critical Holdings' shares close up 63% in market debut

Interest in engineering firm comes amid demand for data center, chip facilities

18 December 2023