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Country Garden commercial housing complex in Yichang, Hubei Province, China, August 9, 2023. Market sources said Country Garden failed to pay interest on two US dollar bonds due on August 7. Country Garden said that due to the continued deterioration of recent sales and refinancing environment, and the impact of various capital regulations, the company's book available funds continued to decrease, and there was phased flow pressure.
Country Garden commercial housing complex in Yichang, Hubei Province, China, August 9, 2023. Market sources said Country Garden failed to pay interest on two US dollar bonds due on August 7. Country Garden said that due to the continued deterioration of recent sales and refinancing environment, and the impact of various capital regulations, the company's book available funds continued to decrease, and there was phased flow pressure.
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