TOKYO -- The sales in China of bond-like securities backed by nonperforming debt held by banks surged by 46% last year, according to data released by the Japanese government Wednesday.
China debt crunch
Chinese sales of bad-loan securities jump 46% in 2023
Real estate slump could lead to prolonged economic stagnation, Japan report warns
China's real estate slump is threatening to throw the economy into a prolonged slowdown. © Reuters
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