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In Depth: How the Gree Windfall Got Squandered
After the city of Zhuhai sold its economy’s crown jewel, the state-capital binge that followed produce some unwelcome consequences
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In Depth: How the Gree Windfall Got Squandered

After the southern Chinese city of Zhuhai sold its economy’s crown jewel, the state-capital binge that followed produced immense…

Zhou’s case follows debt-driven expansion and a landmark stake sale that reshaped the appliance giant

Private equity firm may raise over 4 billion yuan to repay loans tied to 2019 leveraged acquisition as appliance maker lags rivals

Crooked walls and broken promises are harming China’s property market

After a years-long real estate slump, many smaller lenders have found themselves saddled with a portfolio of distressed assets…

Beijing warned the practice of selling new cars with zero miles at a sharp discount in the used car market is just the latest…