There were 39 trillion yuan of outstanding mortgages and another 13 trillion yuan of loans to developers at the end of March, according to data from the People’s Bank of China. (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.
Evergrande s fiasco could damage the global economy abc17news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abc17news.com Daily Mail and Mail on Sunday newspapers.
Evergrande s fiasco could damage the global economy wlfi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wlfi.com Daily Mail and Mail on Sunday newspapers.