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Country Garden Avoids Yuan Bond Default
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Country Garden Holdings Co. is set to avoid a yuan bond default as most bondholders declined to demand repayment after a meeting with the company and the Shenzhen Stock Exchange.
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How might the outcome of the meeting impact investor confidence in other companies with significant debt?
What are the broader implications of this situation for the stability of the yuan bond market and related financial institutions?
What measures could Country Garden implement to strengthen its financial position and mitigate the risk of future defaults?
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