When Country Garden, the biggest developer in China’s increasingly troubled real estate sector, published its annual report in April, the cover design exuded hope: a phoenix spreading its wings.The company […]
Country Garden
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Back to news homeChina’s Property Crisis Is Rippling Through the Economy
Once a beneficiary of China’s property boom, Lan Mingqiang is now an unwitting casualty of its unraveling.The financial troubles at one real estate company, Country Garden, have left him unable […]
China Central Bank Cuts Key Interest Rate on Bank Lending
Stocks in China tumbled and the currency weakened on Monday after the country’s central bank announced a smaller-than-expected cut in a key interest rate.Many investors and economists had been expecting […]
China Faces a Crisis in Its Real Estate Sector
A model Chinese property developer in a sector replete with risk takers is teetering on the edge of default. Short of cash, one of China’s biggest asset managers has missed […]
Country Garden: Why Its Financial Crisis Poses a Risk to China
Country Garden, a Chinese real estate giant, has lost billions of dollars and racked up $200 billion in unpaid bills. It’s on the hook to deliver, by one estimate, nearly […]
Country Garden’s Stock Plunges After Report of Huge Losses
It was considered the gold standard in China’s increasingly shaky housing market. Now investors are treating Country Garden, the giant developer, like a ticking time bomb.The company, China’s last major […]
Country Garden Is Latest Chinese Real Estate Giant in Trouble
Remember China Evergrande, that Chinese real estate behemoth whose mountain of debt sent global markets spiraling in 2021? Its collapse signaled the start of a crisis for China’s housing market, […]