Country Garden warns of default risks, suffers record loss in first half

Country Garden warns of default risks, suffers record loss in first half

A view of the construction at the Country Gardens' Forest City project in Johor Bahru, Malaysia February 21, 2017. REUTERS/Edgar Su/File photo

China’s largest private property developer warned on Wednesday of default risks if its financial performance continues to deteriorate, and said it “felt deeply remorseful” for its record loss in the first half.