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China’s housing market continues to be on the decline, with the number of properties in default and foreclosures increasing in the first half of 2024. In this episode, we look at the wave of defaults across many parts of China. How bad is this trend? Even banks have begun to refuse to take over properties in default. It’s not that banks in China have suddenly become kind-hearted. We’ll look at the reasons behind it in the second half of the episode…
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