With developers unable to pay on their loans and borrowers unwilling to pay on theirs, China’s banking system is on the verge of collapse. The timing couldn’t be worse as China’s Covid Zero polices have lead to an increasing amount of social unrest.
With developers unable to pay on their loans and borrowers unwilling to pay on theirs, China’s banking system is on the verge of collapse. The timing couldn’t be worse as China’s Covid Zero polices have lead to an increasing amount of social unrest.