SHANGHAI -- Chinese banks' massive lending to the real estate sector looks increasingly likely to backfire on many as default fears mount -- and may ultimately make it harder for authorities to bail them out.
Cooling land market risks leaving authorities with less income to fund rescues
A man walks past a branch of Shengjing Bank in Liaoning Province: Chinese banks' exposure to struggling developers like Evergrande has become a growing threat. © Reuters
SHANGHAI -- Chinese banks' massive lending to the real estate sector looks increasingly likely to backfire on many as default fears mount -- and may ultimately make it harder for authorities to bail them out.