News Bulletin: Why is China's real estate sector currently facing a crisis? #shorts #news

News Bulletin: Why is China's real estate sector currently facing a crisis? #shorts #news

China's real estate sector is currently facing a crisis as buyers across the country have stopped paying mortgages for homes sold before completion. The boycott comes after the sector was hit by a funding crisis, leading to defaults and stalled projects. Meanwhile, S&P Global Ratings estimated that Chinese banks could face $356 billion in losses due to the ongoing crisis.

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#realestate #china #crisis #boycott #defaults #s&pglobalratings #eveningnews

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Copyright: This video made with Fair Use policy. Text and Images used for knowledge purpose only. Text and Images Credit: Inshorts

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