Property News · October 10, 2023

Country Garden misses a bond payment, signals possible default on part of US$180 billion liabilities as China’s housing slump persists


Chinese developer Country Garden is stumbling toward a full-blown debt reorganisation with creditors after missing a bond payment and warning of possible default on its offshore borrowings.

Source : South China Morning Post
Read more…Country Garden misses a bond payment, signals possible default on part of US0 billion liabilities as China’s housing slump persists