Awards &

Country Garden to delay key vote as China rolls out more support
31st August, 2023
Embattled Chinese developer Country Garden is delaying a deadline for creditors to vote on whether to postpone payments for an onshore private bond, according to a document seen by Reuters, while Beijing rolled out more support measures for the property sector.
"A slowdown in China is mostly priced into global markets but a real recession of the world's second-largest economy is not ideal for anyone," said Matthew Pestronk, president and co-founder of Post Brothers, a Philadelphia-based real estate development firm.
Read more at Reuters