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.

Keith Bradsher
Author: Keith Bradsher

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