Good Morning. Welcome to The Wire’s daily news roundup. Each day, our staff gathers the top China business, finance, and economics headlines from a selection of the world’s leading news organizations.
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The Wall Street Journal
China’s Country Garden Succumbs to Debt Crisis After Sales Plunge — Property giant fails to repay a loan and warns that it is unlikely to pay off all its international debt obligations.
Evergrande Investors Warn of ‘Uncontrollable Collapse’ — The developer canceled a debt restructuring deal last month, leaving investors in limbo.
China’s Golden Week Doesn’t Glitter — Chinese tourism is coming back but with a notable emphasis on thrift.
The Financial Times
China property: Country Garden default would blight market outlook — Impact threatens to be much larger than Evergrande
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