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Reuters

Reuters

Country Garden expects to reach terms with creditors in February, lawyer tells court

Reuters
Summary
Nutrition label

81% Informative

Country Garden was once China 's biggest developer by sales.

It defaulted on $11 billion in offshore bonds in late 2023 , deepening a debt crisis.

Country Garden said this month it has proposed restructuring that would cut offshore debt by 70% .

Averting liquidation would allow Country Garden to return its focus to a property sector blemished by unfinished homes and shattered buyer sentiment.

VR Score

91

Informative language

96

Neutral language

81

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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