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China property giant Country Garden warns of up to $7.6bn loss

2023-08-11 10:23
It is the latest signal of the major issues faced by the world's second largest economy.
China property giant Country Garden warns of up to $7.6bn loss

Country Garden, which is one of China's biggest property developers, has warned that it could see a loss for the first six months of the year of up to $7.6bn (£6bn).

The announcement is the latest signal of the major issues faced by the world's second largest economy.

This week official figures...