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Thread: China getting banks to bailout developers by buying over expensive apartments

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  1. #1
    Join Date
    Aug 2007

    Default China getting banks to bailout developers by buying over expensive apartments

    Sometimes I wonder how China managed to maintain the bubble in the real estate market. Now we know how. By getting state banks to bailout the developers. The banks will then hire purchase out these apartments by offering a mortgage that is even lower than deposit rates!
    Last edited by touchring; 06-13-18 at 08:17 AM.

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