China’s Property Crisis Is Bleeding Into Its Banking Sector
Angle down icon An icon in the shape of an angle pointing down. A residential area in Nanjing, East China’s Jiangsu province, on January 29, 2024. Costfoto/NurPhoto/Getty Images China’s property crisis has impacted the country’s biggest banks, increasing non-performing loans. Beijing is urging banks to boost financing for “white list” property developers to help the