Shares of China's Country Garden rise more than 7% in early trade

Shares of Country Garden rose more than 7% on Tuesday, recovering some ground after the stock plunged a day earlier as China's largest private developer seeks to delay payment on a private onshore bond for the first time.

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File Photorose more than 7% on Tuesday, recovering some ground after the stock plunged a day earlier as China's largest private developer seeks to delay payment on a private onshore bond for the first time.

Reporting By Anne Marie Roantree; Editing by Muralikumar Anantharaman

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