worry

China’s Country Garden has paid coupons of USD22.5mn – avoids default European Central Bank President Lagarde speaking again today, Schnabel, de Guindos also China’s Country Garden seeking to extend payments of another 7 onshore bonds by 3 years AUD, NZD, CNH all down: China PMI disappoints, worries re Country Garden potential default Chinese developer Country

Country Garden is a pillar of the Chinese property sector. But for how much longer? Shares in the firm hit a record low on Friday with fears rising that the company is preparing for a debt restructuring. Country Garden had total liabilities of about $194 billion at the end of 2022. Chinese media, Yicai reported,