32 China's banking system is in free fall and the country's real estate losses could hit $4 trillion, veteran investor says (finance.yahoo.com) posted 1 year ago by Jscholl17 1 year ago by Jscholl17 +32 / -0 China's banking system is in free fall and the country's real estate losses could hit $4 trillion, veteran investor says China's banks will lose more than what US banks lost during the 2008 crisis, Hayman Capital CIO Kyle Bass said. 6 comments share 6 comments share save hide report block hide replies
Here is the original story and it states there are enough empty homes in China to house 3 BILLION people. That is twice the population of China.
https://markets.businessinsider.com/news/bonds/china-economy-banking-system-property-crisis-real-estate-debt-losses-2023-12