3 6 Ke·2025-10-27 03:06Core Viewpoint - The article discusses the recent developments regarding Country Garden, highlighting its challenges and attempts to recover from significant debt issues while being recognized as a major enterprise in the industry [3][10]. Group 1: Company Recognition and Challenges - Country Garden was praised by local leaders during the Shunde District Entrepreneur Conference, emphasizing its resilience and commitment to social responsibility despite facing financial difficulties [3]. - The company experienced a significant drop in its ranking on the Fortune Global 500 list, falling from 138th in 2022 to 460th in 2025 after a period of financial turmoil [4][6]. - Despite the recognition, Country Garden's debt situation worsened, with total liabilities reaching 885.4 billion and overdue debts exceeding 140 billion by June of this year [8]. Group 2: Debt Issues and Legal Challenges - The company has been involved in numerous legal disputes related to housing delivery, unpaid wages, property services, and financial product repayments, leading to a backlog of cases [9]. - A recent debt restructuring plan was announced, aiming to reduce 13.8 billion in domestic debt by half, which is seen as a critical step for the company's financial recovery [10]. - On the day of the conference, Country Garden faced additional legal challenges, including news of frozen shares and being listed as a defendant in two court cases [11].