High-rise apartment buildings at China Evergrande Group’s under-construction Riverside Palace development in Taicang, Jiangsu province, China, on Friday, Sept. 24, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese developer Evergrande made little progress toward complying with Beijing’s crackdown on real estate debt — until it was tooContinue Reading

China is trying to cool its costly and dangerously debt-ridden housing market, where high prices and go-go levels of borrowing and spending are increasingly seen as a national threat. But as the troubles of a major property developer and its $300 billion mountain of debt drive a government effort toContinue Reading

Cailian News, a Chinese state-run financial news outlet, reported Monday that Hopson Development was planning to assume control of Evergrande’s property management arm by buying a stake of about 51% in a deal that could be worth more than 40 billion Hong Kong dollars ($5.1 billion). Chinese state-run tabloid GlobalContinue Reading