Aly Song/Reuters
- Property giant Country Garden has had a bad week. It missed interest payments and issued a profit warning.
- The warning is a "prelude to an ultimate credit event," paving the way for debt restructuring, per JPMorgan.
- Concerns about a restructuring started swirling after local outlet Yicai reported this process could begin soon.
Embattled Chinese property developer Country Garden may be preparing to enter a debt restructuring, JPMorgan Chase analysts wrote in a Friday note seen by Insider.