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China Property Giant Country Garden Warns Of Up To $7 6bn Loss | Brunei s No 1 News Website

China Property Giant Country Garden Warns Of Up To $7 6bn Loss | Brunei s No 1 News Website
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Hong kongUnited statesJoe bidenYang huiyanHong kong stock exchangeCountry garden groupGarden groupHong kong stockPeter hoskins

China property giant Country Garden warns of up to $7 6bn loss

The announcement is the latest indicator of major issues faced by the world's second largest economy.

United statesHong kongJoe bidenYang huiyanCountry garden groupHong kong stock exchangeCountry gardenGarden groupHong kong stock

Transcripts for BBCNEWS World Business Report 20240604 04:48:00

suspect. from it and link it to a suspect- from it and link it to a susect. .. , ., suspect. three can cover a huge amount of suspect. three can cover a huge amount of ground suspect. three can cover a huge amount of ground quickly, - suspect. three can cover a huge| amount of ground quickly, much quicker amount of ground quickly, much quicker than you or i could. and quicker than you or i could. and it quicker than you or i could. and it means fizz is unlikely to have much time with her toy before she is back out on anotherjob. for more stories from across the uk, head to the bbc news website. you re live with bbc news. to asia now, and one of china s biggest property developers. country garden group has warned it faces losses of up to $7.6 billion for the first half of this year. it s the latest sign of the serious problems facing the world s number two economy. katie silver in singapore is looking into this for us. katie, this is part of a far wider problem in china s real

Bbc newsCountry garden groupProperty developersTo asia6 billion17 6 billionReal estate marketIsn tKatie silver in singaporeDeja vu

Transcripts for BBCNEWS World Business Report 20240604 10:33:00

government be doing more, what is the feeling from business? trying to sto the feeling from business? trying to step inflation the feeling from business? trying to stop inflation and the feeling from business? trying to stop inflation and trying the feeling from business? trying to stop inflation and trying to - the feeling from business? trying to stop inflation and trying to have - stop inflation and trying to have strong growth are often two goals to conflict with each other. getting interest rates up is about trying to slow down the economy. the government need to focus on bringing inflation back down under control, towards a more manageable level. it is more than four times higher than where it needs to be. from that springboard we can really focus on growth again. to asia now and one of china s biggest property developers, country garden group, has warned it faces losses of up to $7.6 billion for the first half of this year.

Step inflationEach otherInterest ratesTo asia nowProperty developersCountry garden group17 6 billion6 billion

Transcripts for BBCNEWS World Business Report 20240604 10:34:00

it s the latest sign of the serious problems facing the world s number two economy. katie silver is in singapore and is following the story. i asked her if this is part of a far wider problem in china s real estate market. the people who have been watching the programme for a number of years, this may well feel like deja vu. if, though, country garden collapses, there are fears that this could dwarf the failures that we saw over evergrande back in 2021. indeed, there are fears that this may indeed occur. it is a company that is helmed by china s richest woman and we have heard, for example, moody s just in the last 2a hours downgrading its rating on the company on the back of this news. we hear they are going to be implementing a task force, looking at how they can turn things around. and similar, again, to evergrande, we re hearing that bondholders are not receiving their coupon payments and that they are going to have 30 days extension in order to pay them. but again, it goes back t

Katie silverReal estate marketDeja vuCountry garden groupMoody sCoupon paymentsTask force

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