China’s Property Developer Country Garden Forecasts US$7.6Bn Loss

Country Garden, one of China’s largest property developers, has warned that the first six months of the year might result in a loss of up to $7.6 billion. The announcement is the latest indication of the world’s second largest economy’s significant problems. China fell into deflation for the first time in more than two years, … Continue reading China’s Property Developer Country Garden Forecasts US$7.6Bn Loss