Over-indebted, the Chinese promoter Country Garden obtains a reprieve from its creditors

A residential complex developed by Chinese developer Country Garden on August 31, 2023 in Nanjing, eastern China (AFP/STR) A respite before another crucial deadline: the Chinese developer Country Garden with astronomical debt obtained in extremis from its creditors the rescheduling of a repayment, which pushes back a potential default. The developer, which has long been…

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