What Follows Country Garden’s Dollar Bond Default?

What Follows Country Garden’s Dollar Bond Default?
Buildings of China's developer Country Garden Holdings in Suqian, in China's eastern Jiangsu Province, on Oct. 18, 2023. STR/AFP via Getty Images
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News Analysis

Country Garden (Cogard), once regarded as one of China’s most reliable property developers, missed the payment deadline on its dollar bond interest on Wednesday.