Can Country Garden Avoid Default on Dollar Bonds?

The video discusses a company's financial challenges, including a $22 million bond coupon due and the risk of default, which could be worse than Evergrand's 2021 crisis. The company is working hard to avoid default by extending payments and managing liabilities, despite being heavily indebted with $187 billion in liabilities. Recent financial reports show a $7 billion loss, and the company warns of potential inability to meet financial obligations. Market perception is negative, with securities trading at distressed levels, despite some positive news about mortgage easing.

What does the company warn about its financial performance?

How are the company's securities currently trading in the market?