Analysts see the potential for $600 billion or more in bad loans as a result of China’s current ‘bubble-like’ property market
Asudden drop in fast-rising home prices could trigger upwards of 4 percent of loans to default, according to analysts, but bank losses would still be well below the $1.3 trillion suffered in the U.S. after 2008.
More from SupChina
Wednesday, October 26
Trekking in the desert
Oct 26, 2016