{"id":4562,"date":"2023-10-10T18:37:49","date_gmt":"2023-10-10T16:37:49","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=4562"},"modified":"2023-10-10T18:37:49","modified_gmt":"2023-10-10T16:37:49","slug":"chinas-largest-private-developer-signals-default-property-crisis-deepens","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=4562","title":{"rendered":"China&#8217;s largest private developer signals default, property crisis deepens"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">Chinese developer Country Garden Holdings Co. offered the strongest indication yet that it\u2019s set for a maiden default and debt restructuring, in the latest sign that authorities\u2019 rescue efforts are not enough to stop the nation\u2019s property crisis from worsening.<\/p>\n<p>China\u2019s former top builder warned in a stock exchange filing Tuesday that it will not be able to meet all of its future offshore payment obligations, including dollar bonds.<\/p>\n<p>Country Garden also said Tuesday it hired advisers, a step that distressed companies often take as they gear up to seek a broader debt restructuring.<\/p>\n<p>With its peer China Evergrande Group facing a growing risk of liquidation amid uncertainty over its own restructuring, the property developer&#8217;s mounting troubles underscore the need for Beijing to take tougher measures to support a key growth engine amid a continued slump in home sales.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chinese developer Country Garden Holdings Co. offered the strongest indication yet that it\u2019s set for a maiden default and debt restructuring, in the latest sign that authorities\u2019 rescue efforts are not enough to stop the nation\u2019s property crisis from worsening. China\u2019s former top builder warned in a stock exchange filing Tuesday that it will not [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4562"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/4563"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}