Country Garden Avoids Default, Still Stuck With Mountain of Debt

Country Garden’s Great Wall of Debt won’t collapse tomorrow. China’s largest private developer has bought itself some time to pay off more than half a billion dollars in domestic bonds after reaching an extension agreement with creditors this past week. While it’s a much-needed reprieve for both…#countrygarden #housingcrunchchina #beijing #hengsengproperty #countrygardens #xijinping #minxinpei #aware #dailyupside
Source: Reuters: Health - Category: Consumer Health News Source Type: news
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