Chinese developers slide into distress, dragging down Chinese banks

https://www.youtube.com/watch?v=Ez2MPNw4yuo

China is putting more and more faith in its banks to lend more money for mortgages and help its sinking housing market. But there’s a problem: lenders are stuck with mortgages from the real estate boom that could not be paid back. ——————- #SpotlightOnChina #China #ChinaInsights