HONG KONG -- Troubling news continues to flow from China's property market as a series of mainland developers report sharp slowdowns and even reversals from last year's robust first-half profits before the current crisis unfolded. As the government struggles to shore up the sector, the pain is starting to reveal in the banks' loan books, with potential implications for the health of the overall financial system.
Buildings across China are being abandoned half-finished as developers struggle with slumping demand and dwindling liquidity. (Photo by Yusuke Hinata)
Market Spotlight
Loan woes: China's troubled property market hits banks
Spate of profit warnings reveals extent of risk to broader financial system
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