Chinese property giant Country Garden plunges in fresh storm

Chinese property giant Country Garden plunges in fresh storm

FILE PHOTO: The company logo of Chinese developer Country Garden is displayed at a news conference in Hong Kong, China March 20, 2018. REUTERS/Bobby Yip

China’s property sector crisis escalated again on Friday as a sharp fall in the shares and bonds of one of the country‘s biggest developers, Country Garden, capped a turbulent week for the long-troubled sector.