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Country Garden has suffered its biggest difficulties since its inception and has prepared a debt restructuring to tide it over.

In an announcement on the evening of August 10, Country Garden, which is under pressure to stage liquidity, said it would maintain communication with creditors and take various debt management measures to protect the long-term development of the Company and preserve value and safeguard interests for creditors.。Currently, there is no public default on the debt under Country Garden's name, and only two coupon payments on U.S. dollar-denominated debt are within a 30-day grace period, but from September to early 2024, the company will be under pressure to pay a number of debt maturities, totaling about $10 billion.。

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