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CHINA RESIDENTIAL FORECLOSURES
Foreclosures in China soar, threatening to choke off bank profitsChinese banks are grappling with a surge in mortgage defaults and foreclosures as the country's housing market crashes. The increase in sei...- China's residential foreclosures increase 43% in 2023The number of foreclosed homes in China rose 43% year-on-year in 2023, highlighting a worrying trend of rising mortgage delinquencies amid ...
- China property bubble could cost banks $600 billion in bad debts"The property sector is the biggest concern for China's banking system," said Shujin Chen, a banking analyst at the brokerage in Hong Kong.
- China's real estate, one of world's longest-running bull market, seems to be stallingPrices are falling for both new and old apartments. The volume of deals is drying up. And developers are pulling back and delaying new proj...
- Emerging markets much healthier: Christopher Wood, CLSAChristopher Wood, Equity Strategist, CLSA, says he prefers Indian equities over Chinese for a long-term perspective. Worst over for mkts? |...
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