China's Country Garden reveals $24bn loss in delayed 2023 report

Debt-laden developer's Hong Kong shares remain suspended

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Once China's largest developer by sales, Country Garden is trying to free itself from a cash crunch. © Reuters

STELLA YIFAN XIE, Nikkei staff writer

HONG KONG -- Embattled real estate developer Country Garden Holdings has belatedly reported staggering losses for 2023, offering a fresh glimpse into the depths of China's property crisis.

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