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What's Behind Growing US-China Tensions?

The Breakdown

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Home Buyers Threatening to Withhold Payment of Mortgages on Unfinished Homes

China's one point seven trillion dollar housing market is the largest in the world. China has over four thousand small and medium sized lenders that collectively manage 14 trillion dollars in assets. Confidence in these banks has already diminished since 20 19, when the government seized a lender for the first time since 19 98. Housing sales of new homes by large developers have already dropped by forty three %.

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