Chinese property giant Country Garden is in trouble after a creditor filed a petition to liquidate the real estate company over unpaid debt. Country Garden Holdings Co. faces a liquidation threat over ...
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Chinese property giant Country Garden has ...
FIRST ON FOX: Chinese nationals are streaming into the U.S. through the porous southern border in record numbers, traveling thousands of miles and through numerous countries to reach America's ...
SHANGHAI—For Western companies in China, a new reality has set in: The easy money is gone and competition is only getting fiercer. As China’s economic growth has slowed in recent years, consumers have ...
Ample liquidity and a bold government stimulus package have catapulted China past stumbling rival economies. China is showing few symptoms of an economic crisis. While many of the world’s banks ...
Move over Evergrande. There is a new poster child of China’s protracted real estate crisis — Country Garden. A financial industry group that makes determinations on credit events ruled Thursday that ...
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. By Daisuke Wakabayashi and ...
HONG KONG, May 9 (Reuters) - Embattled Chinese property developer Country Garden (2007.HK), opens new tab said it was unable to pay two onshore coupons due on Thursday, but China Bond Insurance Co ...
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. By Daisuke Wakabayashi and Claire Fu When Country Garden ...