BFM Podcast

Country Garden On The Precipice

Tan KW
Publish date: Thu, 07 Sep 2023, 11:48 AM
Country Garden On The Precipice

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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Discussions
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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

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