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DeepNewz, mobile.
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China Property Crisis Erodes Banks Balance Sheets as Investors Await Earnings https://t.co/LRSqi2FYud China is in a severe recession, courtesy of the mismanagement and magical thinking of the CCP.
Decades ago China created four centrally controlled asset-management companies to hoover up bad debts. Three of them have now become distressed financial institutions in their own right https://t.co/8wM2dkHzO7
Chinese property market crash continues its slow, majestic progress. https://t.co/KWbmJpHUsS
China's property downturn is affecting the balance sheets of major state banks, leading to an increase in bad loan ratios. Top Chinese banks are warning of spillover risks from the property crisis, with some experiencing crushed net interest margins due to government policies. The Chinese property market crash is ongoing, impacting the economy and leading to distress in centrally controlled asset-management companies.