Country Garden, China’s Largest Surviving Developer, Sinks Into Debt Crisis
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Country Garden, China’s Largest Surviving Developer, Sinks Into Debt Crisis
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https://www.wsj.com/articles/country-garden-chinas-largest-surviving-developer-sinks-into-debt-crisis-2a525173
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Aug. 8, 2023 7:36 am ET
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HONG KONG—Country Garden Holdings, a 31-year-old property developer that had been lauded by China’s authorities as a model for others, missed interest payments on two U.S. dollar bonds, marking a new stage of distress for the country’s real-estate market.
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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
