China's banking system is in free fall and the country's real estate losses could hit $4 trillion, veteran investor says

10/12/2023, 4:10 PM
businessinsider.com

China's banking system is in free fall and the country's real estate losses could hit $4 trillion, veteran investor says

REUTERS/Aly Song

China's banking system is collapsing, and the real estate crisis in the country could end up wiping out $4 trillion from its financial system, according to veteran investor Kyle Bass.

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