Country Garden: Debt crisis-hit China property giant in record loss

2023-08-31 11:26

Country Garden reported a record $6.7bn loss for the first six months of the year.

Country Garden, one of China's biggest property developers, has become the latest real estate giant to warn that it could default on its debts.

This came as the crisis-hit company reported a record $6.7bn (£5.2bn) loss for the first six months of the year.

Country Garden said in the statement...