China’s Country Garden gets liquidation petition from creditor
- Country Garden Holdings received a liquidation petition from Ever Credit Limited, raising concerns about China's property sector.
- The petition involves the failure to repay a term loan facility worth HK$1.6 billion, with a court hearing set for May 17.
- The real estate downturn in China since 2021 has led to liquidity crises, defaults on debt, and concerns for major developers.
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Total News Sources0
Leaning Left8Leaning Right6Center10Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 33%
C 42%
R 25%
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