The IMF has warned that China’s financial stability is in danger as the country s real estate market continues to spiral out of control, leading the agency to lower its growth estimates for the country.
Country Garden s shares hit a record low Friday on fears that the Chinese property company is preparing for debt restructuring, adding to concerns about the property sector outlook in the absence of stronger support from Beijing.
HONG KONG: Fears that Chinese property giant Country Garden was preparing for a debt restructuring sent its securities to a record low on Friday (Aug 11) and deepened concerns about the property sector outlook in the absence of stronger support from Beijing. The country's top private property developer, wh
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