China's Country Garden Faces Liquidation Petition

01 Mar 2024 CW Team

China's real estate giant, Country Garden, finds itself grappling with a liquidation petition, indicative of challenges in the ever-changing landscape of the country's property market. The petition marks a significant development in the real estate sector, raising questions about the broader implications for one of China's major property developers.

The liquidation petition points to potential financial difficulties or restructuring challenges faced by Country Garden, reflecting the intricate dynamics of China's real estate industry. As the sector undergoes transformations and regulatory adjustments, major players like Country Garden are navigating a complex environment that demands adaptability and strategic resilience.

Country Garden, known for its expansive real estate projects, is a key player in China's property market. The liquidation petition adds a layer of uncertainty to the outlook for the company and draws attention to the broader economic factors influencing the real estate sector in China.

This development comes amid increased scrutiny and regulatory measures within China's property market, aimed at addressing concerns related to debt levels, speculative practices, and housing affordability. The liquidation petition against Country Garden underscores the impact of these regulatory changes on major players and their ability to navigate the evolving landscape of the real estate sector in China.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..