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Struggling Chinese developer calls off $2.6B asset sale

BEIJING (AP) — A major Chinese real estate developer whose struggle to avoid defaulting on billions of dollars of debt rattled financial markets says it has called off the sale of a $2.6 billion stake...

Global stocks mixed after Wall St rise, weak Japanese trade

BEIJING (AP) — Global stock markets were mixed Wednesday after Wall Street advanced on strong corporate earnings and Japanese exports weakened. London and Shanghai declined while Tok...

China's economic growth weakens amid construction slowdown

BEIJING (AP) — China’s economic growth is sinking under pressure from a construction slowdown and power shortages, prompting warnings about a possible shock to its trading partners and global financia...

Chinese banks try to calm fears about developer's debts

BEIJING (AP) — Trying to dispel investor fears, some Chinese banks are disclosing what they are owed by a real estate developer that is struggling under $310 billion in debt and say they can cope with...

Fears of global shockwaves from Chinese builder's debts ease

BEIJING (AP) — Fears that a Chinese real estate developer’s possible default on multibillion-dollar debts might send shockwaves through global financial markets appeared to ease Thursday as creditors ...

Business group: China's tech self-reliance plans hurt growth

BEIJING (AP) — The ruling Communist Party’s campaign to tighten control over China’s industries and use less foreign technology is slashing economic growth, a foreign business group warned Thursday. ...

Chinese builder in debt jam says it will make bond payment

BEIJING (AP) — A Chinese real estate developer whose struggle to avoid defaulting on billions of dollars of debt has rattled global markets says it will pay interest due Thursday to bondholders in Chi...

EXPLAINER: Chinese builder’s debt struggle rattles investors

BEIJING (AP) — Global investors are watching nervously as one of China’s biggest real estate developers struggles to avoid defaulting on tens of billions of dollars of debt, fueling fears of possible ...

Chinese property developer's debt struggle rattles investors

BEIJING (AP) — One of China’s biggest real estate developers is struggling to avoid defaulting on billions of dollars of debt, prompting concern about a broader economic fallout and protests by buyers...

China's Tencent ordered to end exclusive music contracts

BEIJING (AP) — Internet giant Tencent was ordered by regulators to end exclusive contracts with music copyright holders, adding to increased enforcement of anti-monopoly and other rules as Beijing tig...

Global markets follow Wall St higher as virus fears recede

BEIJING (AP) — Global stock markets followed Wall Street higher Thursday for a second day as optimism about an economic recovery appeared to outweigh concern over rising coronavirus cases and inflatio...

China says US measures on Xinjiang threaten global trade

BEIJING (AP) — China’s government rejected U.S. accusations of forced labor in Xinjiang and accused Washington on Thursday of hurting global trade after lawmakers endorsed import curbs and American co...

China's economic growth slows to still-robust 7.9%

BEIJING (AP) — China’s economic growth slowed to a still-strong 7.9% over a year earlier in the three months ending in June as a rebound from the coronavirus leveled off. As expected...

China's June exports surge 32%, import growth slows

BEIJING (AP) — China’s exports surged in June while import growth slowed to a still-robust level as its economic rebound from the coronavirus leveled off. Exports rose 32.2% from a y...

Asian stocks advance after Wall Street hits new record

BEIJING (AP) — Asian stock markets rose Monday after Wall Street hit a high despite jitters about the spread of the coronavirus's delta variant as investors looked ahead to U.S. earnings reports. ...