Greentown China Holdings Ltd. priced a $350 million bond to refinance offshore debt, the first dollar note sold by a major Chinese property firm since 2023, Bloomberg News reported. The state-backed company is issuing the three-year note, callable after two, at a yield of 8.45%, according to a person familiar with the matter who asked not to be identified. That’s 40 basis points tighter than initial price guidance. Greentown earlier Thursday unveiled an offer to repurchase two dollar bonds maturing later this year that are trading near par.

Chinese authorities are working on a proposal to help China Vanke Co. plug a funding gap of about 50 billion yuan ($6.8 billion) this year, according to people familiar with the matter, highlighting the government’s support for the distressed developer, Bloomberg News reported. Under the plan, regulators would allocate 20 billion yuan of special local government bond quota for the purchase of unsold properties and vacant land from Vanke, said the people, asking not to be identified discussing private information.

China is racing to make itself less reliant on the outside world’s products and technology—part of a yearslong effort by leader Xi Jinping to make China more self-sufficient and impervious to Western pressure as tensions with the U.S. rise, the Wall Street Journal reported. Beijing has poured hundreds of billions of dollars into favored industries, especially in high-end manufacturing, while exhorting business leaders to fall in line with the government’s priorities. In many ways, the effort is succeeding.

China Vanke Co. won more support from authorities as its largest state shareholder agreed to provide up to 2.8 billion yuan ($383 million) to help the struggling developer repay outstanding debt, Bloomberg News reported. Shenzhen Metro Group Co., which holds a 27% stake in Vanke, signed a three-year secured loan agreement with the firm on Monday, according to a filing to the Hong Kong stock exchange. Under the deal, Vanke will provide asset collateral worth up to 4 billion yuan to Shenzhen Metro through an 18% stake in its property management unit Onewo Inc.

Country Garden Holdings Co.’s sales slump dragged on in January, as new residential transactions countrywide resumed falling on weak sentiment. Contracted sales dropped 59% from a year earlier to 2.26 billion yuan ($309 million), following a 51% year-on-year decline in December, according to Bloomberg calculations based on corporate filings. Country Garden’s slide in home sales substantially surpasses the 3.2% posted by the 100 biggest real estate companies tracked by China Real Estate Information Corp. The market is dented by weak domestic demand and a worsening job market.

China’s consumer inflation accelerated for the first time since August, caused by a burst of household spending around the Lunar New Year holiday even as deflationary pressures persist, Bloomberg News reported. The consumer price index rose 0.5% in January from a year earlier, the National Bureau of Statistics said Sunday, compared with a 0.1% gain in the previous month. A temporary spending boom during the eight-day break briefly masked the extent of the deflationary challenge facing the world’s second-biggest economy.

U.S. President Donald Trump on Friday signed an executive order delaying tariffs on de minimis, or low-cost, packages from China until the Commerce Department can confirm that procedures and systems are in place to process packages and collect tariff revenue, Reuters reported. Read more.

Pernod Ricard and Carlsberg warned on Thursday they see few signs of a pick-up in consumer demand in China, the world's second-biggest economy, adding to a gloomy outlook for 2025 as executives try to navigate growing global trade tensions, Reuters reported. Weak consumer spending in China, which is grappling with youth unemployment and a real-estate crisis, has been a major concern for industries including luxury goods, consumer products and clothes manufacturers over the past year.

Beijing responded swiftly on Tuesday to the tariffs President Trump had promised, announcing a fusillade of countermeasures targeting American companies and imports of critical products, the New York Times reported. Mr. Trump’s 10 percent tariff on all Chinese products went into effect at 12:01 a.m. Tuesday, the result of an executive order issued over the weekend aimed at pressuring Beijing to crack down on fentanyl shipments into the United States.

China Evergrande New Energy Vehicle said on Monday that it is struggling to attract strategic investors amid a severe liquidity crisis, which has hampered its operations and delayed essential audits for 2024, Reuters reported. "The tough conditions under which the new energy vehicle in Mainland China is operating has certainly not facilitated this (securing a strategic investor) process," the firm said.