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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 […]




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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 […]




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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, […]




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Divvy Wants to Make Rent-to-Own Deals Easy. Many Customers Find Them Hard.

The three-bedroom house in suburban Atlanta on a quiet cul-de-sac seemed exactly what Jeneyha Wheatley-Frett and her husband, Shawn Frett, were looking for when they moved in about 15 months […]




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GDP Grew at 2.4% Rate in Q2 as US Economy Stayed on Track

Inflation has also slowed significantly. Consumer prices rose at a 2.6 percent rate in the second quarter, down from 4.1 percent in the first quarter and from more than 7 […]







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China’s Economic Rebound Hits a Wall, With ‘No Quick Fix’ to Revive It

When China suddenly dismantled its lockdowns and other Covid precautions last December, officials in Beijing and many investors expected the economy to spring back to life.It has not worked out […]




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New Zealand House Prices Have Crashed, Wiping Out Billions in Wealth

Michael Wilson was hopeful when he put his three-bedroom house up for sale: Over a dozen would-be buyers came to the initial showing.But about a year later, the property is […]