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China’s Evergrande Group said one of its units Kailong Real Estate will acquire a controlling stake in developer Shenzhen Special Economic Zone Real Estate & Properties by reorganizing its assets.

China Evergrande's Unit to Acquire Controlling Stake of Shenzhen Real Estate

Oct 03, 2016 11:03 AM EDT

China's Evergrande Group said one of its units will acquire a controlling stake in developer Shenzhen Special Economic Zone Real Estate & Properties by swapping assets.

ADB Cuts Growth Forecasts for China for 2014, 2015

Marcel Woo |

Dec 19, 2014 08:41 PM EST

Citing the country's falling property prices and its spillover effects on the construction sector, the Asian Development Bank (ADB) has trimmed its economic growth forecasts for China for 2014 and 2015.

China's Home Prices Drop for the First Time in Nearly Two Years

Marcel Woo |

Jun 02, 2014 11:02 AM EDT

For the first time in 23 months, prices of homes in most major Chinese cities declined in May, a proof that the country's once red-hot real estate market is slowly losing steam, a recent independent survey showed.