Country Garden Posts Record Loss, Warns Default Possible

The video discusses Country Garden's financial struggles, highlighting a significant net loss compared to the previous year's profit. Despite increased revenue, the company faces challenges due to sales drop-offs and impairment charges. Country Garden acknowledges its slow response to macroeconomic challenges and its reliance on lower-tier cities. The company is at risk of default, with looming debt deadlines and ongoing negotiations with bondholders. A proposal to delay payments is under consideration, with bondholders voting on the matter.

What significant financial loss did Country Garden report for the first half of the year?

How did Country Garden's profit from the previous year compare to its current loss?

What challenges did Country Garden acknowledge in relation to its financial performance?

What measures is Country Garden seeking regarding its debt repayments?

What is the deadline for bondholders to vote on Country Garden's proposal?