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Thursday, June 13, 2024

Chinese developer Country Garden says it can’t meet debt payment deadlines after sales slump

HONG KONG (AP) — Chinese property developer Country Garden warned Tuesday that it cannot repay on time a 470 million Hong Kong dollar ($60 million) loan in the latest sign of distress after Beijing clamped down on mounting debts in the industry. The company said in a filing to the Hong Kong Stock …

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