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    Thomas Hale

    Shanghai correspondent

    Email Thomas Hale @tomhale_  on Twitter (link opens in a new browser window)

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    • Monday, 25 September, 2023
      Evergrande Real Estate Group
      Chinese government probe casts new doubt over Evergrande restructuring

      World’s most indebted developer says it cannot issue new debt because its mainland business is ‘being investigated’

      A woman talks into her phone outside an Evergrande housing complex in Beijing
    • Saturday, 23 September, 2023
      EU-China relations
      EU trade chief warns of ‘new areas of concern’ in China relationship

      Valdis Dombrovskis demands greater access for European companies in Financial Times interview

      Valdis Dombrovskis speaking at a lecturn against a blue background with ‘Bund Summit 2023’ written on it in white capitals
    • Sunday, 17 September, 2023
      Chinese business & finance
      Chinese shadow bank exposed to troubled property developers

      Doubts over health of Zhongrong have added to broader concerns about China’s economy

      The exterior of Zhongrong’s offices in Beijing
    • Friday, 15 September, 2023
      Chinese economy
      Chinese economic activity data signals optimism after stimulus measures

      Retail sales and industrial production beat August forecasts but home prices continue to slide

      A worker operates machines at a textile factory in China’s eastern Jiangsu province
    • Thursday, 31 August, 2023
      Chinese economy
      China’s manufacturing activity shrinks in August

      Data adds pressure on policymakers to take action to restore growth in world’s second-biggest economy

      A worker measures equipment at a turbine company in Harbin, China
    • Thursday, 31 August, 2023
      Country Garden Holdings Co Ltd
      Country Garden posts $7bn loss as China’s property crisis deepens

      Real estate developer battles to survive as situation show signs of spilling over into investment industry

      Country Garden’s headquarters in Foshan, China
    • Wednesday, 30 August, 2023
      UK foreign policy
      Cleverly seeks to repair British relations with China

      UK foreign secretary stresses need for improved dialogue while highlighting differences

      British Foreign Secretary James Cleverly and Chinese Foreign Minister Wang Yi shake hands
    • Tuesday, 29 August, 2023
      UK foreign policy
      UK foreign secretary hits back at Tory critics of China policy

      James Cleverly says a failure to engage with Beijing and seek investment would be a sign of ‘weakness’

      UK foreign secretary James Cleverly
    • Tuesday, 29 August, 2023
      News in-depthChinese economy
      China’s shoppers hesitate to spend big in face of deflation

      Consumers cautious about purchases as growth prospects slow in world’s second-biggest economy

      A shopping mall in Shanghai, China
    • Monday, 28 August, 2023
      Chinese business & finance
      Evergrande shares fall nearly 90% as creditor talks postponed

      Chinese property developer reveals first-half losses of $4.5bn and liabilities of $328bn

      Evergrande residential buildings in Nanjing, China
    • Wednesday, 23 August, 2023
      FT News Briefing podcast9 min listen
      All eyes on Jackson Hole

      Global stocks head for worst month in nearly a year

    • Tuesday, 22 August, 2023
      Chinese economy
      China’s interest rate caution shines light on $56tn banking system

      Beijing seeks to balance boosting a stuttering economy with preserving financial sector stability

      A pedestrian bridge with a screen showing stock exchange data in Shanghai
    • Monday, 21 August, 2023
      Chinese economy
      China growth hopes fade after modest rate cut

      Wall Street banks downgrade growth forecasts below official 5% target as policy response falls short

      Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China
    • Sunday, 20 August, 2023
      Chinese economy
      China set to cut lending rates as economic recovery drags

      Policymakers expected to target mortgage-linked loan prime rate to support sentiment

      Pedestrians walk past commercial buildings illuminated at dusk in the Lujiazui Financial District in Shanghai
    • Friday, 18 August, 2023
      News in-depthCountry Garden Holdings Co Ltd
      Yang Huiyan, the Country Garden scion trying to stave off collapse

      The chair and majority shareholder of China’s biggest property developer was once Asia’s richest woman

      Yang Huiyan, vice chair of Chinese real estate developer Country Garden with its logo as background
    • Friday, 18 August, 2023
      Chinese economy
      China moves to shore up investor confidence in the economy

      Beijing props up currency and promises securities market reform amid fears of renewed property crisis

      A construction site of residential buildings by Chinese developer Country Garden in Beijing
    • Friday, 18 August, 2023
      Evergrande Real Estate Group
      Chinese developer Evergrande files for US bankruptcy protection

      Property group’s 2021 bond default triggered sector-wide liquidity crisis in China

      A housing complex built by Evergrande in Beijing
    • Thursday, 17 August, 2023
      FT News Briefing podcast9 min listen
      New pain for China’s property sector

      UK inflation slows to 6.8% in July as energy prices fall

    • Thursday, 17 August, 2023
      Chinese business & finance
      Turmoil at Zhongzhi sparks alarm over China’s $3tn shadow finance sector

      Finance giant’s missed payments to investors fuel concerns of spillover effect from property slowdown

      The officies of Zhongrong International Trust in Beijing
    • Wednesday, 16 August, 2023
      Chinese business & finance
      Retail investors complain to Chinese regulator about Zhongzhi

      Missed payments by financial conglomerate spur anxiety over liquidity crisis

      The Beijing offices of Zhongrong
    • Tuesday, 15 August, 2023
      Chinese economy
      China stops reporting youth unemployment as economic pressures mount

      Central bank cuts key interest rate to lowest since 2014 as growth slows in retail sales and industrial output

      University graduates attend a job fair in Wuhan last week
    • Monday, 14 August, 2023
      Chinese business & finance
      Chinese investors alarmed over trust company’s missed payments

      Concerns over property sector mount after entities linked to Zhongzhi fail to make payouts

      Aerial photo of buildings by developer Country Garden in Zhengzhou, China
    • Monday, 14 August, 2023
      Country Garden Holdings Co Ltd
      China stocks hit after developer Country Garden suspends some bond trading

      Property group’s shares slide to record low after company missed international coupon payments last week

      Country Garden logo on top of a building in Zhenjiang, China
    • Friday, 11 August, 2023
      News in-depthCountry Garden Holdings Co Ltd
      Country Garden crisis brings new pain to China’s property sector

      Turmoil at country’s largest private developer comes as Beijing struggles to revive economy

      Residential buildings developed by Country Garden in Hebei, China
    • Thursday, 10 August, 2023
      FT News Briefing podcast9 min listen
      China’s economy falls into deflation

      Italy joins wave of windfall taxes on banks across Europe

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