BEIJING: Troubled Chinese property giant Country Garden risks defaulting on its bond payments next month, which could have disastrous consequences for the world’s second-largest economy. <\/p>\n
The firm’s debt woes come two years after the unravelling of its competitor Evergrande. <\/p>\n
Here is why Country Garden’s plight is being closely monitored by markets: <\/p>\n
Country Garden was China’s largest private developer in terms of sales last year. <\/p>\n
It has extensive operations in small cities, which host about 60 percent of its projects.<\/p>\n","protected":false},"excerpt":{"rendered":"
BEIJING: Troubled Chinese property giant Country Garden risks defaulting on its bond payments next month, which could have disastrous consequences for the world’s second-largest economy. The firm’s debt woes come two years after the unravelling of its competitor Evergrande. Here is why Country Garden’s plight is being closely monitored by markets: Country Garden was China’s largest private developer in terms of sales last year. It has extensive operations in small cities, which host about 60 percent of its projects.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-598465","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/598465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=598465"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/598465\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=598465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=598465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=598465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}