Struggling Chinese property developer Country Garden has secured an extension on payments for three onshore bonds.
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Chinese property sector
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BanksFeatureFinancial InstitutionsInternational NewsNews
IMF lifts global growth forecast to 3.2% in ’24
by Nada Aliby Nada AliThe International Monetary Fund (IMF) revised on Tuesday the growth forecast upwards to 3.2, reflecting a 0.1 …
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China’s manufacturing index returned to positive territory for the first time in six months, reaching 50.8 in …
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China’s home prices see fastest rate in 2.5 yrs
by Nada Aliby Nada AliNew home prices in China increased at the fastest rate in over two and a half years …
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China’s manufacturing activity rise in March – survey
by Nada Aliby Nada AliChina’s manufacturing activity expanded in March for the first time in six months, as the PMI rose …
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Iron ore prices continue to fall on China demand fears
by Nada Aliby Nada AliIron ore prices continued to decline due to concerns about China’s economic outlook, with futures approaching $100 …
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FeatureInternational NewsMoneyNewsReal Estate
China’s Country Garden faces liquidation petition
by Nada Aliby Nada AliChinese developer Country Garden is facing a liquidation petition for non-payment of a $205 million loan, which …