China's Country Garden says cannot meet external debt obligations

Distressed developer faced 30-day grace period on $15m interest payment

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- Country Garden Holdings, a private real estate developer at the center of China's property sector crisis, said Wednesday that it is unable to fulfill all of its offshore debt obligations.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.