Bloomberg India’s largest listed property developer expects many of its smaller peers to go belly-up as creditors cut financing after a shock default. “Weaker balance sheets are going to fall off, while large listed developers will get though current liquidity crisis,” Saurabh Chawla, outgoing chief financial officer of DLF Ltd., said. Smaller developers have already been struggling amid a slump ...

Bloomberg China plans to give foreign companies greater access to its economy and is drafting a replacement of its plan to dominate advanced technologies by 2025, the Wall Street Journal reported, citing sources briefed on the strategy. Beijing’s changes would come in response to pressure from US President Donald Trump, who launched a tit-for-tat tariff dispute with China this year ...

Bloomberg Forty years ago, 18 villagers of Xiaogang in Anhui Province banded together to disobey the orders of China’s government, risking their lives by deciding to farm individually instead of collectively. Now, they’re celebrated as the pioneers of Reform and Opening Up — the process of turning China into a market-based economy that celebrates its 40th anniversary this week. As ...