China Property Developer giant Country Garden wins approval to extend bond payments

<p>Reuters reporting, citing unnamed sources:</p><ul><li>
Country Garden wins approval to extend six onshore bond repayments by
3 years</li></ul><p>This is a positive news item for Chinese stocks, especially those in the property sector. Many of these are Hong Kong-listed. Its also good news for China-proxy trades such as AUD. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.