China's $2.4 trillion real estate market is showing little sign of a recovery, adding to woes for an economy that barely expanded last quarter. Contagion is spreading to the financial system amid reports that a rapidly growing number of homebuyers are refusing to pay mortgages for unfinished apartments. That's alarmed investors, sinking property bonds and Chinese bank shares.from International-News-Economic Times https://ift.tt/3Hsn1Oe
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