Country Garden and China's housing market struggle will weigh on global growth
China’s real estate market remains a drag and will put pressure on global growth.
Source: cnn.com
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Sunac China files for Chapter 15 bankruptcy protection
One of China’s leading property developers, Sunac, has filed for bankruptcy protection in the United States, shortly after winning approval from its creditors to restructure nearly $10 billion worth of debt.
Source: cnn.com
Homebuilder confidence continues to be weighed down by high mortgage rates
Home builder confidence took a hit in September as average mortgage rates for a 30-year fixed-rate loan stayed above 7%.
Source: cnn.com
Sino Ocean: China property woes deepen as a big developer suspends debt payments
A major Chinese property company has suspended offshore debt payments, deepening turmoil in the beleaguered sector.
Source: cnn.com
Country Garden: China's biggest homebuilder dodges default but faces a rocky road ahead
Chinese property giant Country Garden has twice narrowly avoided defaulting on its debt in a matter of days. But it’s not home free.
Source: cnn.com