Despite Country Garden's last-gasp payment, China's property sector remains in crisis: two-thirds of its developers with most offshore debt are defaulters

Despite Country Garden's last-gasp payment, China's property sector remains in crisis: two-thirds of its developers with most offshore debt are defaulters

Chinese President Xi Jinping.Getty Images <ul> <li>One of China's largest developers averted a debt default Monday after paying two coupons during the grace period.</li> <li>But the property crisis … [+1920 chars]

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