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Are a third of China’s bank loans sitting on a ticking property time bomb? – Quartz

loans - Google News May 21st, 2014 Loans.



Are a third of China's bank loans sitting on a ticking property time bomb?
Quartz
The problem is that Chinese banks also use property as collateral for a lot of loans that aren't mortgages. (In other countries they might ask the borrower for an income statement instead, but these aren't too reliable in China.) At the end of 2013, 38 ...

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