tommy wu is a senior china economist and says country garden's problems are far from over. for now it seems country garden can extend one of the key debt but then more debt payment will be required and will be due very soon so perhaps we are far from being out of the woods yet. so any potential default in the coming near—term would have pretty serious consequence in terms of the pricing of country garden debt but notjust for the company but for the sector in general and could create another round of market turbulence. which we have seen in the past few months already. i would say that the key thing here is china's real estate problem is in the crux of many other problems china is currently facing. speaking of china, us commerce secretary gina raimondo has warned china in interviews on us tv over the weekend that the patience of american business is wearing thin. the secretary, who was in china last week, said us companies deserve a predictable environment and a level playing field. she commented on china's economic slowdown, saying the world's second biggest economy did bet

tommy wu is a senior china economist and says country garden's problems are far from over. for now it seems country garden can extend one of the key that but then more debt payment will be required and will be due very soon so perhaps we are far from being out of the woods yet. so any potential default in the coming near—term would have pretty serious consequence in terms of the pricing of country garden debt but notjust for the company butjust for the sector in general and could create another round of market turbulence. which we have seen already. i would say that the key thing here is china's real estate problem is in the crux of other problems currently facing. we have seen rivals defaulting. how significant if country garden was to default? country carden garden was to default? country garden involves _ garden was to default? country garden involves at _ garden was to default? country garden involves at least - garden was to default? country garden involves at least 3000 l garden involves at least 3000 existing housing projects and a lot of them are in inaudible wherea

tommy wu is a senior china economist and says country garden's problems are far from over.ment will be required and will be due very soon so perhaps we are far from being out of the woods yet. so any potential default in the coming near—term would have pretty serious consequence in terms

tommy wu is a senior china economist and says country garden's problems are far from over.uired and will be due very soon so perhaps we are far from being out of the woods yet. so any potential default in the coming near—term would have pretty serious consequence in terms of the pricing of country garden debt but notjust