The Hong Kong-listed shares of property developer China Vanke plunged more than 8% on Friday after state media reported that authorities had detained its chief executive. A Shenzhen government task force has stepped in to oversee operations at the state-backed developer,

Investors moved on from the headline number to focus on the durability of the recovery amid a lack of more clarity on stimulus policies.

Vanke's financial woes became public early last year after the firm sought to extend the maturity of its debt as its monthly sales plunged below break-even levels. It was ranked N

Chinese Vice President Han Zheng attends a meeting with Britain's Chancellor of the Exchequer Rachel Reeves (not pictured) at the Great Hall of the People in Beijing, China January 11, 2025. REUTERS/Florence Lo/Pool/File Photo HONG KONG (Reuters) - China's Vice President Han Zheng will attend U.

Chinese President Xi Jinping will not attend President-elect Donald Trump's inauguration, but he is sending Vice President Han Zheng as his special representative. The decision, announced Friday in China by the foreign ministry,

China’s economy expanded by 5% year on year in 2024, with an upswing in the final quarter of the year, as a flurry of stimulus measures kicked in and helped meet Beijing’s growth target.