AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Bloomberg Daybreak: Asia Edition
China's Country Garden Gets Winding Up Petition
Feb 28, 2024
A discussion on the challenges facing China's property sector, Apple's decision to cancel their electric vehicle project, Alibaba's investment in AI, and insights on APAC markets from Catherine Yeung of Fidelity International.
19:04
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Country Garden's winding up petition highlights China's property crisis and creditor negotiation challenges.
- Founder transition, family disputes, and regulatory crackdowns impact Country Garden's transformation and future strategies.
Deep dives
Country Garden's Restructuring Amidst Financial Challenges
Country Garden is facing financial challenges as it navigates restructuring to satisfy creditors. Despite a petition for winding-up, the company continues negotiating with creditors, emphasizing that the petitioner holds a small amount of debt compared to the total offshore debt. The situation is reminiscent of China Evergrande's struggles, where failure to reach a consensus led to a liquidation order in Hong Kong. The process for Country Garden is at an early stage, indicating a prolonged resolution period.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode