China's Country Garden seeks to delay onshore bond repayment, fanning market fears
China's Country Garden seeks to delay onshore bond repayment, fanning market fears
www.reuters.com
Contagion fears spread as China property sector cash crunch intensifies
China's largest private real estate developer Country Garden is seeking to delay payment on a private onshore bond for the first time, the latest sign of a stifling cash crunch in the property sector,...
cross-posted from: https://lemmy.ca/post/3297847
cross-posted from: https://lemmy.ca/post/3297845
Country Garden, China's largest private developer, is seeking to delay payment on a private onshore bond for the first time, a source said, after suspending trading in 11 onshore bonds, sending its shares plunging to a record low on Monday.