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Country Garden: China property giant default fears grow

October 18, 2023
in Business
Reading Time: 1 min read
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Country Garden: China property giant default fears grow
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In August, the crisis-hit Country Garden reported a record $6.7bn (£5.2bn) loss for the first six months of the year. If its default is confirmed, Country Garden’s offshore creditors will begin negotiations with the firm’s financial advisors to start a restructuring process which could take many months, given the scale of the debt.

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