07-Sep-23 07:30
Kristy Hung, Analyst, Bloomberg Intelligence
Country Garden was once a shining star in the Chinese property sector, surviving the tumult that took down Evergrande. However its fortunes have turned for the worse of late, as the property giant warns of the risk of defaulting on its bond payments amid poor earnings in the first half of the year. What do the financial woes of Country Garden say about the broader Chinese economy? We get analysis from Kristy Hung of Bloomberg Intelligence.
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Created by Tan KW | Aug 26, 2024
calvintaneng
With USA raising interest rates consumers are holding back
And the mishandling of Covid 19 prolonged lockdown has caused damage to sentiment in China
Like Herbert Hoover who exacerbated the Great Depression some of China's flip flop policies have impacted property downturn
it will be a down ward correction and many will face very tough times
Better be safe and invest only in defensive industries as China contagion can spread
2023-09-08 10:48