Worse Than Evergrande, China’s No.1 Real Estate Company Goes Bust-Country Garden/Darkest Hour Comes

#Chinainsights#Chinanews#Countrygarden Recently, China’s real estate market was hit with another disaster following the collapse of Evergrande. China’s No. 1 developer, Country Garden, is rumored to have defaulted on the interest payment of its bond at an amount of US$22.5 million, sending the price of its other bonds plummeting. Trading of its stock was suspended by the Shenzhen Stock Exchange. The market is worried that another real estate crisis is about to hit the market. Have questions? Do you have something to share with us about China? We want to hear from you! Email: @ Facebook Your support allows us to produce more high-quality videos. Consider donating at Copyright @ China Insights 2021. Any illegal reproduction of this content in any form will result in immediate action against the person(s) concerned.