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Country Garden's Debt Response and Restructuring
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Country Garden Avoids Yuan Bond Default
Overview
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Country Garden's chair and executives will have their salaries cut to $16,000 in response to the company's debt, while the company plans to sell a $428 million stake to aid debt restructuring.
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How does Country Garden's debt restructuring strategy reflect the broader challenges faced by Chinese property developers?
How might the salary cuts impact the morale and productivity of Country Garden's employees?
What are the potential implications of Country Garden's debt restructuring on the Chinese property market?
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