China Sees Huge Spike In Foreclosures As Real Estate Crisis Threatens Economy
The number of foreclosed properties in China reached a record high in 2023, as the debt-laden real estate sector continues to hamper China's economic recovery, according to Reuters. The total number of real estate foreclosures, including commercial, residential and industrial properties, land, garages and parking spaces, reached 796,000, an increase of 36.7% year-on-year. according to […]
