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RARE PHOTOS: Yang guoqiang | Vintage Vibes

Struggling Chinese developer Country Garden is slashing the salary and benefits of its top executives—with one getting a 96% pay cut

Country Garden announced pay cuts for four of its top executives as it scrambles to avoid defaulting on more debt.

Fortune · Dec 14, 2023

Country Garden Bosses Take Hefty Pay Cuts as Developer Struggles

Chair Yang Huiyan has taken a 67% reduction and President Mo Bin 96%, each to 120,000 yuan

Caixin Global · Dec 13, 2023

China’s Country Garden risks default after ‘missing bond payment’

Property developer denies claims founder and chair have left country amid reports it missed key deadline

The Guardian - UK · Oct 19, 2023

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China's government tries to defuse economic fears after real estate developer's debt struggle

China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their impact on the struggling Chinese economy

The Independent UK · Aug 17, 2023

One of China's richest women Yang Huiyan has just given away around $826 million to charity

Yang, who at the peak of her wealth was Asia’s richest woman, has seen her fortune slump 80% from $34 billion in about two years.

Fortune · Aug 1, 2023

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