A residential area in Nanjing, East China's Jiangsu province, on January 29, 2024.
Costfoto/NurPhoto/Getty Images
- China's property crisis has impacted the country's biggest banks, increasing non-performing loans.
- Beijing is urging banks to boost financing for "white list" property developers to help the sector.
- Despite the crisis, Chinese banks say they have sufficient buffers to manage risks.
China's property crisis has hit the books of its biggest lenders...