CTRYF / Country Garden's economic fallout comes to light as China's real estate woes continue

Chinese developer Country Garden was officially deemed in defaulted Wednesday, Bloomberg reported. It failed to meet its obligations on a dollar bond more_horizontal

China's Country Garden has been deemed to be in default on a dollar bond for the first time ever. The builder's failure to pay interest on the note wi more_horizontal

Troubled Chinese property developer Country Garden Holdings Co. 2007, has been declared in default on a dollar bond, missing a $15.4 million interest more_horizontal

Country Garden and Evergrande share prices have collapsed, wiping billions of dollars in value in the past few years. Evergrande's stock price crashed more_horizontal

China's Country Garden missed a final deadline to pay interest on a dollar bond, the Wall Street Journal reported Wednesday.  The report said Country more_horizontal

The property giant was once considered one of the safest developers in China, but the country's property slowdown has claimed another victim. more_horizontal

Things are moving again for China's economy and green shoots are sprouting. But sustaining that could be tough if the troubles of major property devel more_horizontal

Country Garden Holdings , China's biggest private property developer, is hours away from defaulting on its $11 billion in overseas debt, yet to make a more_horizontal