Country Garden Holdings Co. Ltd., one of China's largest property developers, said it expects to report a record, multibillion-dollar net loss for the first half, raising further concerns as the company slides deeper into a debt crisis. Guangdong-based Country Garden estimated its net loss at 45 billion yuan to 55 billion yuan ($6.2 billion to $7.6 billion) for the first six months of 2023, compared with a net profit of 1.91 billion yuan a year ago, according to a Hong Kong exchange filing late Thursday.

https://www.caixinglobal.com/2023-08-11/country-garden-expects-to-report-record-first-half-loss-102092030.html

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