Parts of southern China have been gripped by heatwaves and drought in recent months. Photo: AP
Drought, flooding threaten China’s ‘critical’ autumn grain harvest

Chinese authorities have pledged a host of disaster-relief measures to ensure a strong autumn grain harvest, which is being threatened by widespread drought in the south and potential flooding in the north.

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The bond guarantees should give developers a leg-up to raise capital during a debt crisis that has hobbled the industry for the last year. Photo: Bloomberg
China offers troubled property market a lift through bond guarantees

Longfor Group will sell an onshore bond of up to US$250 million next week, one of several private developers poised to issue similar notes guaranteed by a state-owned credit enhancement company.

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