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A city on the artificial islands off
the coast of Malaysia is one of

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Country Garden's mega projects.

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But the future of Forest City
is as uncertain as the fate of

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the company behind it.

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Country Garden hasn't released
its results for 2023.

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Payments to creditors have been
repeatedly delayed in recent months.

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A court in Hong Kong is reviewing
A creditor's request for liquidation.

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Country Garden was once China's
biggest developer, based

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on the number of projects around four
times bigger than Evergrand,

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but its debts are comparatively
lower.

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The bankruptcy of these
large property developers could hurt

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the Chinese economy.

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Construction accounts for around
1/4 of the country's GDP.

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And while Beijing announced measures
to support the property sector,

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an end to the crisis doesn't appear
to be insight.

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In January, a Hong Kong court ordered
Evergrande to be broken up.

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Whether Country Garden will suffer
the same fate now remains

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to be seen.