Foreclosures in China Soar, Threatening to Choke Off Bank Profits NYT | Top Stories By: Keith Bradsher 4 November 2024 at 18:00 When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions. © Keith Bradsher/The New York TimesThe oceanfront in Qingdao, a popular beach city in China where real estate prices doubled from 2016 to 2021 but have crashed, leading to numerous mortgage foreclosures.
Foreclosures in China Soar, Threatening to Choke Off Bank Profits NYT | China By: Keith Bradsher 4 November 2024 at 18:00 When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.
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