China Vanke’s bonds plunge on fears of waning state support
Property developer asks for delay in payment despite backing of Shenzhen Metro
Property developer asks for delay in payment despite backing of Shenzhen Metro

Data sets back hopes that struggling market could stabilise this year

Beijing seeks to minimise domestic defaults but fears over credit quality persist

Weak property market and deepening investment woes point to flagging economic momentum

Incentives to replace ageing equipment set to help compensate for still-sluggish property sector

New World’s negotiations with banks come after years of ambitious debt-fuelled expansion

Systemic risk prioritised over international norms as country returns to zero failure era