ALBAWABA – China may have averted a potentially catastrophic financial meltdown in the debt-laden real estate sector, as one of the nation’s largest property developers Country Garden narrowly avoids default, news agencies reported Tuesday. The struggling Chinese developer has made multi-million-dollar interest payments on two outstanding loans, Bloomberg reported Tuesday, narrowly avoiding what would have been its first default. The Dollar Bond Interest payments, worth $22.5 million, were made during ...