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China's Country Garden seeks to delay onshore bond repayment, fanning market fears
www.reuters.com Contagion fears spread as China property sector cash crunch intensifies
China's largest private real estate developer Country Garden is seeking to delay payment on a private onshore bond for the first time, the latest sign of a stifling cash crunch in the property sector, piling pressure on Beijing to step in.
cross-posted from: https://lemmy.ca/post/3297845
> Country Garden, China's largest private developer, is seeking to delay payment on a private onshore bond for the first time, a source said, after suspending trading in 11 onshore bonds, sending its shares plunging to a record low on Monday.