Property News · May 31, 2022

Lockdown economic impact: cash runneth over at Chinese banks as home sales and retail spending plummet amid Covid-19 lockdowns


Struggling to find enough clients, banks have been swapping bills with each other just so they can meet regulatory requirements for corporate lending.

Source : South China Morning Post
Read more…Lockdown economic impact: cash runneth over at Chinese banks as home sales and retail spending plummet amid Covid-19 lockdowns