China Vanke’s shares fell after proposals to extend a bond payment were rejected, fueling fears that authorities aren’t keen to step in and keep the developer and its beleaguered peers afloat, the Wall Street Journal reported. The property developer said early Monday that it failed to secure bondholder support for a one-year extension of a bond payment due Monday. Vanke, one of China’s largest real-estate companies, said its three proposals to extend bond payments were rejected. The proposal to extend principal and interest payments was rejected, with 76.7% of holders rejecting it.
Read more
China's factory output growth slowed to a 15-month low, while retail sales posted their worst performance since the country abruptly ended its draconian "zero-COVID" curbs, highlighting the urgent need for new growth drivers heading into 2026, Reuters reported. With Beijing's consumer trade-in subsidies fading, a drawn-out property crisis weighing on household spending and industrial investment risking further deflation, officials have leaned on exports to support growth.
Read more
For the past three decades, as China’s economy has developed into a global powerhouse, investment has grown reliably each year. That is about to change, the New York Times. This year, China’s investments in assets like new factories, public infrastructure and housing are expected to fall for the first time since the late 1980s, ushering in a more conservative era for an economy that has reshaped the global order with years of robust growth.
Read more
Many of China's newly merged small banks have seen profits fall and capital buffers shrink over the past year, a Reuters review of data showed, testing Beijing's record consolidation drive designed to avert risks in its $8 trillion small banking sector. China's bank consolidation has accelerated, with at least 350 banking licences cancelled in ​2025 as of November, up from 198 in 2024, according to a report by Chinese investment bank China International Capital Corp.
Read more
The International Monetary Fund on Wednesday urged China to speed up structural reform, as global pressure mounts on the ​world's second-largest economy to shift to a consumption-led growth model and rein ‌in debt-driven investment and exports, Reuters reported. The manufacturing juggernaut has posted a $1 trillion trade surplus for the first time ‌and is set to drive up to 40% of global growth in 2025. This has sparked criticism that China's slowing economy relies on dominating a larger share of global trade and flooding emerging markets with cheap goods diverted from the U.S.
Read more
Higher tariffs have dealt a “severe blow” to the world economy, China's premier said Tuesday, even as China’s own trade surplus has surged past $1 trillion, the Associated Press reported. Premier Li Qiang made the remarks at a forum of top international organizations held in Beijing while top Chinese leaders are attending an annual economic planning meeting.
Read more
Mexican lawmakers are slated to begin debate this week on a bill to raise tariffs on goods from China and other Asian countries, three ruling party lawmakers told Reuters, amid fierce opposition from China and Mexican business groups. The proposal would raise tariffs by up to 50% on imports of automobiles, textiles, clothing, plastics, steel and other products from China and other Asian countries that do not currently have a trade pact with Mexico, including India, South Korea, Thailand, and Indonesia.
Read more
China’s exports returned to growth in November following an unexpected contraction the month before. Shipments to the United States, however, dropped nearly 29% from a year earlier, marking the eighth straight month of double-digit declines, EuroNews.com reported. Overall exports from China in November were 5.9% higher than last year in dollar terms, according to customs data released Monday. The total came to $330.3 billion (€283.21bn), exceeding economists’ estimates and signalling an improvement from a 1.1% contraction in October.
Read more
China's annual car sales dropped 8.5% in November in a second straight monthly decline, for their biggest fall in 10 months, data showed on Monday, amid a waning scramble to buy vehicles before government subsidies dwindle at year-end, Reuters reported. Car sales in the world's biggest auto market stood at 2.24 million last month, following October's slide of 0.8%, according to the data from the China Passenger Car Association.
Read more
Country Garden, once one of China’s largest property developers, on Tuesday received U.S. bankruptcy court recognition for its Hong Kong restructuring plan, WSJ Pro Bankruptcy reported. Judge Philip Bentley of the U.S. Bankruptcy Court for the Southern District of New York said he is satisfied that the company’s principal place of business is in Hong Kong, a key finding required for a foreign restructuring plan to seek U.S. recognition. The recognition of Country Garden’s Hong Kong restructuring plan under chapter 15 of U.S.
Read more