Investors worried about China’s economy shunned Hong Kong’s stock market, once one of the biggest and most important in the world.
Tag: Country Garden
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China Bet It All on Real Estate. Now Its Economy Is Paying the Price.
After relying on a borrow-to-build model for decades, Beijing must make difficult choices about the country’s housing market and economic future.
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Country Garden, Chinese Real Estate Giant, to Miss Debt Payments
The property giant was unable to repay a loan and signaled it would default on its debt, becoming one of the biggest casualties of China’s deepening property crisis.
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Country Garden, China’s Indebted Developer, Meets Payment Deadline
The embattled Chinese property giant is said to have avoided default by meeting a deadline to pay interest on small loans. But it must repay billions within the next year.
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China’s Biggest Homebuilder Fights to Survive as Economic Crisis Deepens
Once considered a survivor of China’s real estate turmoil, Country Garden is now at the center of the crisis and threatens the broader economy.