Top Tweets for #ContagionSeason

It wasn't just Evergrande. Another big developer, Country Garden, is overloaded with debt "Country Garden Holdings Co. said its first-half loss could reach as high as $3 billion with the China’s prolonged property crisis continuing to weigh on the the embattled developer.... ...Once China’s largest developer by contracted sales, Country Garden has been in talks with creditors to restructure $14.1 billion of offshore debt since it defaulted in 2023. The pressure to reach a deal has been mounting as the liquidation proceedings progress and the country’s years-long property crisis drags on ...."