Real Estate

China Real Estate Giant Country Garden Could Be Next To Go Bust

Evergrande, you have company.

Less than two weeks after China real estate conglomerate Evergrande Group filed for Chapter 15 bankruptcy protection in New York City, its competition, Country Garden, may be about to do the same.

Like Evergrande, Country Garden is about to become a household name for those working in the markets. It is China’s top real estate developer in terms of sales and is now poised to become the next casualty in China’s debt crisis. One of China’s best business news agencies, Caixin Global, said Country Garden was poised to default on its bond payments next month, barring a white knight or grace period extension.

Country Garden

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