Image source, Getty Images Image caption, Country Garden is one of the biggest homebuilders in China By Annabelle Liang Business reporter Country Garden, one of China's biggest property developers, has become the latest real estate giant to warn that it could default on its debts. This came as the crisis-hit company reported a record$ 6. 7bn( £5. 2bn) loss for the first six months of the year. Country Garden said in the statement that it was" deeply remorseful for the unsatisfactory performance.
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2023-09-02 00:00:00.0