Struggling property developer Country Garden's shares hit record low after suspending bond trading amid a severe cash crunch
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Another Evergrande-like crisis is brewing in the Chinese property sector.
• Country Garden is the latest developer to suspend its bond trading amid a wider liquidity crisis.
• Shares in the embattled firm hit a record low Monday morning – fuelling a broad sell-off in property stocks.
China's property sector has been dealt with another blow as shares in one of its largest…
This story from markets.businessinsider.com was posted on 2023-08-14 by @softsky.