Chinese banks are skipping the usual auction process and selling repossessed homes directly to speed up bad-loan recovery and avoid deeper financial trouble.
Demand from markets outside the United States, such as the European Union and Africa, failed to compensate for the slump in sales to American consumers.
As part of the trade deal, Washington says Beijing will also take ‘appropriate measures to ensure the resumption of trade from Nexperia’s facilities in China.’
Analysts warn the upgraded free trade pact will continue to allow cheap China-made goods to flood regional markets and hollow out ASEAN member economies.
Chinese banks are skipping the usual auction process and selling repossessed homes directly to speed up bad-loan recovery and avoid deeper financial trouble.
Demand from markets outside the United States, such as the European Union and Africa, failed to compensate for the slump in sales to American consumers.
As part of the trade deal, Washington says Beijing will also take ‘appropriate measures to ensure the resumption of trade from Nexperia’s facilities in China.’
Analysts warn the upgraded free trade pact will continue to allow cheap China-made goods to flood regional markets and hollow out ASEAN member economies.