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A financially troubled firm has stopped paying investors, risking panic and testing the Chinese government’s resolve to take on debts from its property crisis.

Construction can begin, but compensation for villagers remains unresolved.

With no corporate releases of note due on Friday, investors will turn their attention to a speech by Federal Reserve chair Jerome Powell at the central bank's symposium in Jackson Hole, Wyoming.

Multiple investors have stated that Zhongzhi businesses have failed to make payments. Multiple investors have reported that companies affiliated with Chinese giant Zhongzhi have failed to make payments, raising concerns about the stability of China's wealth management sector and its connections to the country's faltering real estate market.

HANGZHOU, Aug. 10 (Xinhua) -- The world largest hosiery production base in east China Zhuji City, dubbed as the sock capital, has been on a fast track of develo

© Provided by Xinhua HANGZHOU, Aug. 10 (Xinhua) -- The world largest hosiery production base in east China Zhuji City, dubbed as the sock capital, has

BEIJING, Aug. 11 (Xinhua) -- The following is a summary of published science and technology news of China: SMALL NUCLEAR REACTOR Assembly of the core module of

The dome has been hoisted into place on the reactor building of Xudapu unit 3 in a single stage process, six months ahead of schedule, with China National Nuclear Corporation describing the project as "a model of global energy cooperation".

China approved on Tuesday proposals that would transform its oil, gas, and power markets, CCTV has reported

Chinas central SOEs strive to secure power supply amid torrid summer-