China’s Sentiment Slump: How Country Garden’s Poor PMI is Worrying the FX Market – A Playful Asia-Pacific FX News Wrap
China’s Country Garden Facing Default Risk What’s Happening? Chinese developer Country Garden is in hot water as it struggles to meet a USD 22.5 million payment, risking default. The company has sought extensions on seven onshore bonds, adding to the growing concerns in the market. The European Central Bank President Lagarde, along with Schnabel and…