China’s top banking regulator warns of bad debt local real estate bubbles Real Estate News, ET RealEstate
SHANGHAI: China’s top banking and insurance regulator said banks should guard against a rise in non-performing assets, as the country rolls back some of the relief measures implemented during the pandemic to help firms withstand the fallout. In 2020, the central bank encouraged financial institutions to lower rates for virus-stricken firms and extend payment deadlines, […]