Yeah, Country Garden, another major Chinese player in the the market, has failed to pay bond holders last week. China’s real estate market has been in trouble for many years, leaving many homeowners with unfinished development despite high downpayments.
This could be bad. Hopefully it doesn’t start a chain reaction of busts, but hold on it is going to be interesting.
Yeah, Country Garden, another major Chinese player in the the market, has failed to pay bond holders last week. China’s real estate market has been in trouble for many years, leaving many homeowners with unfinished development despite high downpayments.