China’s largest property developer failed to repay a loan and expects to miss more international debt obligations. Country Garden has moved closer to a default that could ripple through the financial system of the world’s second-largest economy.
October 10, 2023 - 15:44
By Pharos Investment Advisors Comments are Off
China’s largest property developer failed to repay a loan and expects to miss more international debt obligations. Country Garden has moved closer to a default that could ripple through the financial system of the world’s second-largest economy.
September 18, 2023 - 15:30
By Pharos Investment Advisors Comments are Off
Embattled Chinese property developer Country Garden faces yet another liquidity test with Monday’s deadline to pay $15 million in interest linked to an offshore bond, after having dodged default at the last minute twice this month.
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