RAS AL KHAIMAH / GULF TIME Following its strategic collaboration agreement with Marriott International, ATARA …
Read More »China property bubble could cause US$600billion in bad debts
Bloomberg China watchers are starting to put a price tag on what any collapse in the nation’s red-hot property market could cost banks. A drop of 30 percent in housing prices could cause 4 percent of total loans worth 4.1 trillion yuan ($615 billion) to sour, according to DBS Vickers Hong Kong Ltd. Commerzbank AG said such a drop could …
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