Contagion Concerns Over Country Garden Crisis

Louise Loo, China Economist, Oxford Economics

15-Aug-23 07:30

Contagion Concerns Over Country Garden Crisis

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Country Garden, one of the largest property developers in China, saw its shares plunge by more than 16 percent after it missed bond payments and warned of multibillion-dollar losses for the first half of the year. Louise Loo of Oxford Economics tells us what options are left for the builder to avoid collapse, and what this could mean for the broader Chinese economy.

Image by: Shutterstock

Produced by: Moh Heng Ying

Presented by: Mark Tan, Wong Shou Ning, Shazana Mokhtar

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Categories: economy, international, property

Tags: china economy, country garden, evergrande,

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