Another Chinese real estate developer has slipped into financial difficulties. China’s largest developer, Country Garden, is seeking to delay payments, and the move is setting off alarm bells for investors inside and outside of China. What would it mean if Country Garden wasn’t able to repay its debts, and what is the risk of contagion? NTD brought in David Goldman, deputy editor at Asia Times and president of Macrostrategy LLC, for his expert analysis of China’s troubled real estate sector.
