Country Garden was once considered a leader among China's property developers. Now, a missed bond payment has turned it into the latest poster child for all that's wrong with the country's housing market.
Developers saddled with too much debt, not enough cash, faltering sales, nervous buyers and anxious creditors all add up to a renewed crisis of confidence. The ripple effect could reverberate beyond China's borders, bearing strong echoes of the crisis that engulfed its rival, Evergrande, in 2021.
Can China's property crisis get much worse? Who's most at risk? What will it take to turn it around? Bloomberg Intelligence senior analysts Kristy Hung and Daniel Fan join hosts John Lee and Tom Corbett for a compelling look at how Country Garden stumbled, and what it means for China's housing market and its broader economy.
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