BEIJING -- Chinese banks have been selling off tens of thousands of properties held as collateral for cash to dispose of bad debts, a trend that threatens to further chill China's real estate market.
China debt crunch
Chinese banks sell off real estate collateral to shed bad debt
Sale of 70,000 properties threatens to further drive down prices
Roughly 70,000 properties have been sold or offered by banks as they seek to dispose of bad debt. © Reuters
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