CITIGROUP $C IS WARNING THAT FINANCIAL CONTAGION HAS SPREAD SO FAR ACROSS CHINA’S PROPERTY INDUSTRY THAT EVEN STATE-BACKED DEVELOPERS ARE AT RISK OF SURGING DEFAULTS
$60 trillion property market imploding in China $FXI $KWEB $BABA $JD $PDD
— Special Situations 🌐 Research Newsletter (Jay) (@SpecialSitsNews) September 19, 2022
The “massive” correction in China’s commercial real estate market may have at least another two years to run, HSBC CEO Noel Quinn says https://t.co/2DqZLHPKUl
— Bloomberg Asia (@BloombergAsia) September 20, 2022
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