real estate bubble
China’s financial crisis: Bank stocks fall to historic lows
The bad debts of China's largest banks continue to grow and the financial bubble seems to be on the verge of bursting. Pessimism and disbelief about the Chinese banking system fell to unparalleled levels, even below those recorded during the U.S. housing crisis in 2008. China's four largest financial institutions, including ...
‘Bubble bursting’ risk: 4 real estate giants ‘investigated’ within a day
As the "loan suspension" storm caused by unfinished buildings in China's real estate industry continued to expand, on August 23, four mainland real estate directors or former executives have been investigated by CCP authorities. The companies are: China Resources Land, a central enterprise under China Resources Group, Xiamen C&D Group, ...
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