Global tensions spur ASEAN, Gulf countries and China toward stronger economic collaboration: Professor
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Country Garden wins bank creditor group's support for offshore debt overhaul
Embattled Chinese property developer Country Garden said on Monday it had agreed with a key group of bank creditors, which collectively hold 49 per cent of its existing offshore debt. The company defaulted on its offshore debt in late 2023 and is now in a restructuring process, which aims to cut $14.1 billion of that debt by 78 per cent.
