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Analysts see the potential for $600 billion or more in bad loans as a result of China’s current ‘bubble-like’ property market

3 weeks ago
Sky Canaves
sudden 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.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.