Evergrande, Part 2? Lender Pushes to Liquidate Another Huge Chinese Developer

A creditor is trying to get Chinese property giant Country Garden shut down—weeks after rival Evergrande was ordered to liquidate following a similar move by lenders. A filing Wednesday showed that Country Garden had been hit by a winding-up petition, with a court hearing due May 17. A Country Garden spokeswoman said the loan accounts for a very small part of its overall overseas interest-bearing liabilities.