Thu Jun 20 21:11:35 EDT 2024
Home#ForeclosurepediaNationChina Property Sector Default Rates and Missed Bond Payments Pose Risk to...

China Property Sector Default Rates and Missed Bond Payments Pose Risk to US Economy

As Chinese Real Estate Collapses the Fallout Hits the US

China's property sector has been in turmoil for over two years, with a wave of defaults on bond payments and a sharp decline in home sales. The situation has worsened in recent months, with several major developers missing bond payments and analysts raising their default rate forecasts. The property sector is a major driver of the Chinese economy, accounting for about 25% of GDP. The sector's problems have had a ripple effect throughout the economy, leading to job losses and lower consumer spending.

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Paul Williams
Paul Williamshttps://foreclosurepedia.org
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