Tyrone Siu/Reuters
- The Chinese property sector has been under the gun for years.
- Enormous losses, heavy debt burdens, and low demand all plague the industry, and firms keep failing.
- Country Garden is the latest to wobble, as Bloomberg reports investors say they haven't received bond repayments
China's property sector continues to unravel as another developer falls behind on its debt payments, according to Bloomberg.
Country Garden Holdings – once China's largest developer by sales – failed to make coupon payments due Monday, investors who hold the firm's notes told Bloomberg.