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Chinese property giant Country Garden denied Thursday its founder and chairwoman had fled the country, as the debt-saddled builder flirts with a default that could send shockwaves through the industry.But her company is now on the frontlines of China's property crisis that has seen a string of debt-laden builders either defaulting or threatening to do so. ....
Troubled Chinese property giant Country Garden has been forced to deny that its founder and chairman had fled the country after the developer missed a $15.4m debt payment. ....
China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their impact on the struggling Chinese economy. There is no indication Country Garden’s problems might spread beyond China, which seals off its financial system from global capital flows, economists say. The Country Garden episode has echoes of Evergrande Group, which is trying to restructure more than $340 billion owed to banks and bondholders. ....
PUTRAJAYA: The development of traditional and complementary medicine will continue to be pursued and be integrated with modern medicine to boost the health and quality of life of Malaysians, says Khairy Jamaluddin. ....
PUTRAJAYA: Malaysia, whose research work in traditional and complementary medicine is still in the early stages, will benefit from China’s vast knowledge and experience in this field, says Khairy Jamaluddin. ....