Bloomberg on Nostr: nostr:note176yqt934n08ch3pmhk2cakxc2wsas06my7ygrxx00vgzh8a94zvsphm6tw

quoting note176y…m6tw

Hong Kong's Property Market Crisis Deepens Amidst Identity Crisis
===============
#acff3ef0 ver:0.14

Hong Kong's property market crisis deepens amidst an identity crisis. China's real estate market is in turmoil as developers struggle with mounting debt, while regional banks face their own debt crisis. China's local government debt is even bigger than feared, threatening to drag down the economy. The property crisis is impacting small banks and measures to tackle it are scrutinized by global investors. Consumer sentiment is key to recovery, and new housing construction is declining. China's economy also faces high debt burden and record low foreign investment levels. Hong Kong's property market has suffered a significant downturn, erasing billions in real estate value. #PropertyMarket #DebtCrisis #ChinaEconomy #HongKong...

#newstr #China #HongKong #PropertyMarket #DebtCrisis #EconomicDownturn

https://here.news/story/acff3ef0?ver=0.14