Country Garden Loses US$ 7.6 Billion in H1
Posted on 08/11/2023
The real estate market in China is not looking good after Country Garden missed two bond payments and has announced distress in its financials. The major home builder has announced that it lost US$ 7.6 billion in the first half of the year. Country Garden employs 300,000. Analysts are making comparisons to Evergrande, the property…
