The future of developer China Vanke and its $45 billion in debt were in focus on Friday after media reports alleged its CEO had been temporarily detained, deepening concerns about China's embattled property sector.

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

The top executive of China Vanke Co., one of the country’s largest property firms, was taken away by police, the Economic Observer reported, citing unidentified sources.

The fall came despite a slight rise in births last year, the first increase since 2016. State efforts to cajole women to have children have met resistance.

The world's second largest economy faces demographic headwinds, as its dwindling population continues to age, leaving a declining workforce.

The Year of the Dragon produces a baby rebound, but demographers say it is temporary.

Chinese President Xi Jinping will not attend President-elect Donald Trump’s swearing-in ceremony, but he is sending Vice President Han Zheng as his special representative

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.

Han's attendance marks a first for the two countries. Foreign heads of state usually do not attend US presidential inaugurations.