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HONG KONG (Reuters) -Country Garden has made interest payments on two U.S. dollar bonds just as a grace period was due to end on Tuesday, a person close to the company said, in a relief for the embattled developer and crisis-hit Chinese property sector. China's largest private property developer failed to pay coupons on the bonds totalling $22.5 million due on Aug. 6, exacerbating fear of the developer's cash situation and keeping markets on tenterhooks throughout their 30-day grace periods. Though the amount was relatively modest, failure to pay would have undermined fragile hope in financial markets that China's steady drip feed of policy stimulus was starting to stabilise the struggling property market and wider economy. ....
A construction site of Chinese developer Country Garden's residential buildings is pictured in Tianjin, China, on Aug. 18, 2023. REUTERS/Tingshu Wang/File ....
Country Garden makes debt payments in relief for China property sector zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
By Patturaja Murugaboopathy and Chi Xue (Reuters) - Analysts have upgraded forecasts for Chinese corporate earnings in 2023, on expectations that its . ....
Analysts have upgraded forecasts for Chinese corporate earnings in 2023, on expectations that its economy will benefit from stimulus measures and the easing of COVID-19 restrictions.. | December 2, 2022 ....