The catastrophic crash in Country Garden Holdings, once the gold standard in China’s property industry, has cost stock and bond investors steep losses. Now, the developer stands to potentially inflict …
PROPERTY
China’s largest private property developer warns of default
Country Garden China largest private property developer has warned that it could default if its financial performance continues to decline …
Country Garden wins bond extension in relief for China’s property sector
Country Garden has won approval from its creditors to extend payments for an onshore private bond, according to sources and a document seen by Reuters, in a major relief for the embattled Chinese …
China takes aim at real estate crisis with new measures to boost economy
China has rolled out a new batch of stimulus measures to boost the nation’s ailing property market and support a weakening yuan, in its latest attempt to restore confidence in the world’s second …
‘Too afraid to buy’:China’s slowing economy overshadows property easing moves
Real estate agents have been calling Daisy Wu non-stop to get her to buy an apartment in the southern Chinese city of Shenzhen, but the 28-year-old said she was too worried about the slowing economy…
Exclusive: China to take more action to revive property sector
China is set to take further action including relaxing home-purchase restrictions as it scrambles to tackle a deepening crisis in its massive debt-riddled property sector, four people familiar with …
Here’s Everything China Is Doing to Save Its Property Market
China unleashed a slew of measures to halt a slide in the country’s residential property and shore up its ailing economy.
Another Black Swan Event For China’s Real Estate Market? China’s Former Largest Real Estate Developer Is Sounding The Alarm
The Chinese real estate market is experiencing another potential black swan event as Country Garden, once China’s largest property developer by sales, spirals into a crisis that threatens to surpass the impact of China Evergrande…
Country Garden: Debt-laden China property giant in record loss
Country Garden, one of China’s biggest property developers, has become the latest real estate giant to warn that it could default on its debts. This came as the crisis-hit company reported a record $6.7bn (£5.2bn)…
China’s largest property developer at risk of default
Country Garden reported a loss of almost $7 billion for the first half of the year, deepening China’s real estate crisis — and imperiling the broader economy.
China’s property crisis deepens with 87% value wipeout in developers’ dollar bonds
An 87% value wipeout for Chinese developers’ dollar bonds is symptomatic of the wider crisis facing the nation’s property sector, which has seen 53 companies collapse in about two years.
Country Garden Posts Record Loss, Warns of Default Risk. China’s Property Problems Are Mounting.
The developer said it feels “deeply remorseful for the unsatisfactory performance” and added that it could end up defaulting on its debts.
FirstFT: Country Garden reveals $7bn loss as China’s property sector turmoil grows
Also in today’s newsletter, US warns of ‘advancing’ Russia-North Korea arms talks and Gina Raimondo hails ‘new approach’ to handling China business frictions …
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