China’s Country Garden seeks to delay onshore bond repayment, fanning market fears
Country Garden, China’s largest private developer, is seeking to delay payment on a private onshore bond for the first time, a source said, after suspending trading in 11 onshore bonds, sending its shares plunging to a record low on Monday. Reuters report. Anxiety spread through markets following the worrying news from Country Garden (2007.HK), putting Beijing […]