Foreclosures in China Soar, Threatening to Choke Off Bank Profits

Foreclosures in China Soar, Threatening to Choke Off Bank Profits

The New York Times - Business:

When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.

This post first appeared in The New York Times - Business. Read the original article.

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