The Latest Breaking News from Country Garden

Teetering Chinese property developer has caused wealth of its founder’s daughter to plummet

Chinese real estate group Country Garden has posted record losses of €6.5 billion for the first half of 2023 and warned that it could default on its debt if its financial performance "continues to deteriorate". The news underlined the country's struggling growth, since the property sector may represent as much…

For years, the conglomerate held a reputation as one of the premier private financial holding groups in China, but its problems escalated quickly after the sudden death of its founder, Xie Zhikun, in late 2021

China has seen a series of disappointing economic data this year. UBS' Tao Wang explains what went wrong with the anticipated recovery after China's tough COVID restrictions, and what could come next.

Huge housing estates developed by Risland on the fringes of Sydney and Melbourne could be affected as shares of parent company Country Garden plunge

China was expected to roar back into life after Covid, but its weak rebound has shocked analysts

Country Garden was meant to be a survivor of China’s property crisis, but a missed interest payment shows that it’s also tight on cash.

China’s Country Garden Holdings, one of China’s largest private-sector property developers, is late on delivering coupon payments on its debt, sparking fears the company could soon default. The company failed to pay coupon payments due Monday. Country Garden Holdings owes $10.5 million of interest on a dollar bond that matures...

Country Garden’s 2022 forecast is another blow for country’s embattled sector