Posted inOpinion

China’s Country Garden fiasco is a lesson to investors

China’s largest private property developer, Country Garden, has run out of cash and is likely to default on a US$15 million coupon payment at the end of a 30-day grace period. In 2021, Evergrande, another huge Chinese real-estate titan, defaulted, representing the start of a real-estate meltdown that has rocked China’s economy. The two companies […]

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