“China’s property crisis is starting to ripple across the world”
February 14, 2024
“Chinese investors and their creditors are putting up “For Sale” signs on real estate holdings across the globe as the need to raise cash amid a deepening property crisis at home trumps the risks of offloading into a falling market… Regulators and the market are nervous that this logjam could be concealing large, unrealized losses, spelling trouble both for banks, who pushed further into bricks and mortar lending during the cheap money era, and asset owners…”
https://finance.yahoo.com/news/global-tremors-china-real-estate-000000650.html
Selling billions doesn’t help when China owes trillions. Good luck trying to put out a fire with an eye dropper.