Country Garden was China’s biggest real estate developer. Now it is staring down default

New York Times 15 August 2023

https://www.nytimes.com/2023/08/15/business/country-garden-china-property.html


Country Garden’s Losses Fan Worst Fears on China Property Market





How bad could China’s property crisis get?

At the start of the year Country Garden was building four times more homes than Evergrande was before it defaulted. 

At the rate it was delivering them in the first half of 2022, at least 144,000 buyers will not receive keys to homes they were promised by the end of this year. 

A sudden debt meltdown at the firm would leave even more families out in the cold.

The Economist 16 August 2023




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