But the property developer is not alone as there are around 20 million pre-sold and incomplete homes sitting empty in China. However, in total there are around 65 million surplus homes in the country.

Friday's announcement is the latest in a string of stimulus measures China has taken to turn around its ailing economy.

XU BU/FOR CHINA DAILY The three crew members of Shenzhou XIX entered the Tiangong space ... adding that over the next few ...

China will allow local governments to use bonds to buy unsold homes in a bid to prop up the struggling economy. China has been slow to adjust its economy after COVID-19 and consumers are still ...

The mortgage rates for first homes, second homes and more will be reduced to 30 basis points below the loan prime rate, the statements said. China's central bank requested last month commercial ...

Toyota and BMW reported sinking profits on Wednesday, with sales in China slumping as both face growing competition from ...

China is locking in steps to shape the pricing of the vast quantities of industrial metals it produces and consumes, with moves to attract foreign firms to trade on Shanghai's futures exchange ...

The formal handover of the station happened on Friday (Nov. 1), with Shenzhou 18 commander Ye Guangfu — who recently became ...

But the White House and Nasa are gunning to be the first ones there. In January, Nelson said he believed the "race" was over for China, and that the US was heading towards its home straight. Nelson ...

In January, Nelson said he believed the "race" was over for China, and that the US was heading towards its home straight. Nelson has been outspoken of his fears should China pit them to the post.

KAIPING, China (Reuters) - A giant sphere 700 m (2,300 ft) underground with thousands of light-detecting tubes will be sealed in a 12-storey cylindrical pool of water in coming months for an ...