2,100 banks could be affected as China looks to curb the bad loan environment of its rural communities, Bloomberg reported.
  • The Snark Urge@lemmy.worldEnglish
    2·
    5 months ago

    Sure, to some of that - but China’s real estate market is simply vast, at one estimate over 50 trillion dollars’ worth - and individual wealth in China is heavily tied to RE. If that bubble pops, it’s not just the investors who will be up in arms.