Cao Li
@caocli
Reporter @WSJ. Cover China finance and property. Previously @nytimes. [email protected]
ID:171768024
28-07-2010 03:29:50
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Rebecca Feng Cao Li Country Garden's financial distress could create far bigger problems for the economy and policy makers than Evergrande’s debt default in 2021. Country Garden focused much of its enormous footprint on rural cities—an engine of China’s growth in good times.
wsj.com/world/china/ch…
Cao Li Rebecca Feng “Certainly no one wants to see Country Garden fail,” said Yao Yu, the founder of YY Rating, a Chinese credit research firm. That would set off another panic about other developers that are still standing, which could drag the sector down further, he added.
wsj.com/articles/china…