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71% of Chinese property bonds are now in default ($124.5 Billion)

submitted by FuckShitJesus to FinancialNews 1.6 yearsOct 23, 2023 17:17:56 ago (+7/-0)     (www.reuters.com)

https://www.reuters.com/world/china/chinas-troubled-property-sector-face-more-debt-defaults-2023-10-20/

71% of a $175B market in default. Can't print your way out of that one.


1 comments block

HA

Fuck China. Anyway...