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Boom, bust and borrow: Has China’s housing market tanked?

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube For more on the Evergrande crisis: https://inks.tn/8e5d7a China’s property sector has been a key driver of the country’s economic growth since the 1990s. During the high-growth period, the sector brought in huge revenues and employment that contributed to 30 per cent of China’s GDP. But between 2020 and 2022, China’s housing market suddenly experienced an unprecedented…

Credit Suisse to borrow up to $54bn from Switzerland’s central bank – BBC News

Credit Suisse has said it will borrow up to 50bn Swiss francs (£44.5bn) from the country’s central bank to shore up its finances. The troubled banking giant said it is taking “decisive action” to strengthen and simplify its business. Shares in Credit Suisse fell 24% on Wednesday after it said it had found “weakness” in its financial reporting. #CreditSuisse #Switzerland Please subscribe HERE http://bit.ly/1rbfUog #CreditSuisse #Switzerland…