China: A petition for liquidation is pending due to a $205 million debt.
The country garden estates are caught in a financial whirlwind. The company's shares fell by 12% as a result of a $205 million loan default that threatened to trigger a liquidation petition.
Australia-China conflict: discussions on trade tariffs and regional security
Note to our audience: There are flash photography moments in this article. Australia and China claim they are headed toward improving their relations after years of strain and economic conflicts. Four years ago, the Australian government endorsed calls for an investigation into the origins of Covid-19, which caused a deterioration in relations. Trade tariffs imposed by China in retaliation are projected to have cost the Australian economy $13.7 billion.
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