HONG KONG: Chinese property giant Country Garden's debt problems deepened after its onshore bonds were suspended, sending its shares plunging 16% to record low on Monday in a fresh blow to policymakers trying shore up confidence in a stuttering economy.
Markets remain jittery as the trouble in China's largest private property developer could have a chilling effect on homebuyers and financial institutions, further dampening the prospect of a near-term recovery in the sector and the broader economy.
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