Country Garden just dodged a default but China's property-debt distress continues

Leading Chinese developer Country Garden avoided a debt-default last week with an 11th-hour coupon payment. But this may have provided only a temporary relief for the Asian nation's ailing property sector.

https://markets.businessinsider.com/news/bonds/country-garden-dodged-default-but-china-property-debt-distress-continues-2023-9