Property News · August 21, 2023

Country Garden crisis: why a default isn’t the worst possible news for embattled Chinese property developer


While the cash crisis at Country Garden Holdings has stirred a range of concerns – about the property developer’s future, other firms following suit and contagion risk – a default is not the end of the world, restructuring and property analysts say.

Source : South China Morning Post
Read more…Country Garden crisis: why a default isn’t the worst possible news for embattled Chinese property developer