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China's financially beleaguered property developer Country Garden promised five-star living to the masses in less popular, smaller cities but focusing on those areas has come back to haunt it. ... -Today at 04:39 am- MarketScreener
China's financially beleaguered property developer Country Garden promised "five-star living" to the masses in less popular, smaller cities but focusing on those areas has come back to haunt it. China's largest developer by sales value before this year, Country Garden's debt crisis has raised fears that its contagion will spread through the already sputtering economy, the world's second-largest. In 2022, Country Garden made 62% of its sales in smaller, less well-known areas that include so-called tier-three and tier-four cities such as the northern city of Dezho...
HONG KONG: China's financially beleaguered property developer Country Garden promised "five-star living" to the masses in less popular, smaller cities but focusing on those areas has come back to hau
Credit data for July released Friday showed a slump in demand from businesses and households to borrow money for the future.
Credit data for July released Friday showed a slump in demand from businesses and households to borrow money for the future.