There is a heightened fear among onshore managers that Country Garden, China’s largest developer by sales, will go under. The fall of the firm would leave a large number of projects unfinished in Tier 3 and Tier 4 cities, posing a far bigger shock to the financial system. pic.twitter.com/tWrZOQqP4t
— Shanghai Macro Strategist (@ShanghaiMacro) August 4, 2022