Chinese banks speed up bad loan sales amid economic recovery. NPL-backed securities rise 40%, real estate slump. 30% pay cuts, 5% home price decline wipes trillions.

Chinese banks accelerate bad loan sales amid rising consumer defaults in the post-COVID economic recovery. Record issuance of non-performing loan-backed securities, up 40%. Real estate meltdown hits middle-class wealth, with 30% pay cuts, stock and property losses. Households reassess money …

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Biggest price drops for new cars since August

Biggest price drops since August Fun fact: Porsche Cayenne prices have dropped *over 10%* since August — more than any other Luxury vehicle. Note: "Price drop" refers to the actual transaction price, not a change or reduction in MSRP. pic.twitter.com/PYOT7TGwxb …

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