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Country Garden undone by promise to bring 5-star life to China's hinterland

China s financially
beleaguered property developer Country Garden promised
five-star living to the masses in less popular, smaller cities
but focusing on those areas has come back to haunt it.
.
-Today at 04:39 am- MarketScreener ....

New York , United States , Lu Ting , Liangping Gao , Christian Schmollinger , Clare Jim , Oscar Choi , Matt Tracy , Davide Barbuscia , Gerwin Bell , Yang Huiyan , Partners Capital , China Evergrande Group , National Bureau Of Statistics , Country Garden , National Bureau , Hong Kong Based Oscar , Country Garden Chairperson Yang Huiyan , Oxford Economics , Chief China , Lead Economist ,

Analysis-Country Garden undone by promise to bring 5-star life to China's hinterland

China's financially beleaguered property developer Country Garden promised "five-star living" to the masses in less popular, smaller cities but focusing on those areas has come back to haunt it. China's largest developer by sales value before this year, Country Garden's debt crisis has raised fears that its contagion will spread through the already sputtering economy, the world's second-largest. In 2022, Country Garden made 62% of its sales in smaller, less well-known areas that include so-called tier-three and tier-four cities such as the northern city of Dezhou and Maoming in the south. ....

United States , New York , Lu Ting , Gerwin Bell , Matt Tracy , Clare Jim , Yang Huiyan , Oscar Choi , Liangping Gao , Christian Schmollinger , Davide Barbuscia , National Bureau Of Statistics , China Evergrande Group , Partners Capital , Country Garden , National Bureau , Hong Kong Based Oscar , Country Garden Chairperson Yang Huiyan , Oxford Economics , Chief China , Lead Economist , Local Governments , Land Sales ,