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China’s residential foreclosures rose 43% in 2023

By Inquirer - 10 months ago
BEIJING/HONG KONG  – The number of foreclosed homes in China rose 43 percent year-on-year in 2023, according to a private survey on Monday, highlighting a worrying trend of rising mortgage delinquencies amid a sustained property market slump and a patchy economic recovery. The number of foreclosed homes up for auction stood at 389,000 units last

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