China debt crunch

China's Country Garden misses results deadline, expects trade suspension

'State advances, private retreats' phenomenon further deepens in the country

20240328 Country Garden

Country Garden was unable to disclose 2023 annual results on time. © Reuters

KENJI KAWASE, Nikkei Asia chief business news correspondent
March 29, 2024 02:57 JST

HONG KONG -- Embattled Chinese developer Country Garden Holdings missed the deadline to release its 2023 annual results, the company said Thursday.

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