China banks may face US$350 billion in losses from property crisis - The Edge Markets MY

(Aug 1): China’s banks face mortgage losses of US$350 billion in a worst-case scenario as confidence plunges in the nation’s property market and authorities struggle to contain deepening turmoil.A spiraling crisis of stalled projects has dented the confidence…

(Aug 1): Chinas banks face mortgage losses of US$350 billion in a worst-case scenario as confidence plunges in the nations property market and authorities struggle to contain deepening turmoil. A sp… [+4784 chars]

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