The filing comes two years after the company defaulted on its debt, setting off defaults by smaller Chinese developers.
Category: China
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China and Hong Kong Stocks Slump as Economic Gloom Spreads
A string of worrying data has taken the fizz out of markets.
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Intel Acquisition of Tower Semiconductor Is Scuttled by China
Intel calls off its planned acquisition of Tower Semiconductor, an Israeli chip maker, after waiting in vain for 18 months for a review by Chinese regulators.
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Country Garden: Why Its Financial Crisis Poses a Risk to China
Country Garden was China’s biggest real estate developer. Now it is staring down default, facing billions of dollars in losses and $200 billion in unpaid bills.
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What China Isn’t Telling the World About its Economy
Beijing stopped releasing youth unemployment figures in its latest attempt to play down negative trends as growth stalls, and global concerns grow.
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China Suspends Youth Unemployment Report
The Chinese government said it would no longer release monthly data about unemployment in young people, which had risen each month this year and reached 21.3 percent.
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China’s Woes Loom Large Over the Global Markets
A downturn in the world’s second biggest economy, and growing fears about its real estate sector, are making investors jittery.
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Biden Describes China as a Time Bomb Over Economic Problems
The sharply worded comments are the latest example of the president’s willingness to criticize China even as he tries to ease tensions.
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China’s Economy Battles Debt, Slowing Trade and Specter of Deflation
As China’s economy flashes indications of decline, the consequences pose perils for countries around the globe.
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Country Garden’s Stock Plunges After Report of Huge Losses
Financial troubles at Country Garden, the last real estate giant to avoid default, sparked panic in the markets and angry comments online.
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Biden Orders Ban on U.S. Investments in China’s Sensitive High-Tech Industries
The new limits, aimed at preventing American help to Beijing as it modernizes its military, escalates a conflict pitting the world’s two largest economies against each other.