Embattled Chinese Developer Country Garden Faces Liquidation Petition

NTD Newsroom
By NTD Newsroom
February 28, 2024China in Focus
share

A further sign of the deepening real estate crisis in China, Chinese property giant Country Garden faces a liquidation petition after non-payment of a loan worth over $205 million.

Here’s what you need to know.

 

China in Focus Weekly Newsletter
Find out what's really going on in China
By registering for the newsletter, you agree to the Privacy Policy.
Comments