China’s largest private developer has confirmed what investors had been dreading. Country Garden is headed towards a default and has hired legal advisers to help it deal with the consequences. Now, it is not just China’s household wealth and jobs that are at stake. Shockwaves from the Chinese real estate crisis will ripple through Asian markets.
中國最大的民營房地產開發商證實了投資者先前一直在擔心的事情。碧桂園(Country Garden)正在滑向違約，且已聘請法律顧問幫助其應對後果。這不僅關係到中國的家庭財富和就業。中國房地產危機引發的衝擊波將波及亞洲市場。
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