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?

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

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

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What measures is Country Garden seeking regarding its debt repayments?

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

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