China’s Biggest Homebuilder Raises Capital in Scramble to Pay Debts
China's biggest homebuilder, Country Garden, plans to raise $34 million by issuing new shares in a bid to alleviate its $190 billion debt burden and address the country's expanding real estate crisis.
![](https://static01.nyt.com/images/2023/08/30/multimedia/30China-CountryGarden-cmjb/30China-CountryGarden-cmjb-facebookJumbo.jpg)