With looming debt pressures, Agile faces tough road to restructuring
Latest earnings figures show the real estate conglomerate remains mired in a liquidity crisis, while facing a court test and an impending payment crunch Key Takeaways: At end of June,…
China’s state playbook fuels humanoid robot boom, resolves Evergrande crisis
"With things like this in China, there's always an element of surprise to some extent simply because the system is so opaque that nobody knows what's going on." – on…
Country Garden June sales fall 13% year-on-year
Property developer Country Garden Holdings Co. Ltd. (2007.HK) on Thursday announced its attributable contracted sales for June totaled about 2.45 billion yuan ($361 million), down about 13% year-on-year. Its attributable…
Country Garden peeks out from the shadow of death
The debt-laden property developer’s latest annual results show it returned to the black in a big way with a profit of more than 3.2 billion yuan last year Key Takeaways:…
BRIEF: Country Garden sales remain tepid in February
Property developer Country Garden Holdings Co. Ltd. (2007.HK) said on Tuesday it recorded attributable sales of 2.23 billion yuan ($323 million) in February, down 3% year-on-year but up 0.9% from…
15th Five-Year Plan: Solar and property wait for the next policy tide
As China shifts from the 14th to the 15th Five-Year Plan, solar tells a story of swelling under policy momentum before a pullback, while property experienced a forced, sharp slowdown…
The state steps in to shield China Vanke from debt crunch
Default risks have receded at the embattled property developer after a state-backed support effort, but business recovery is still a long way off Key Takeaways: The head of the firm’s…
