Trillions of Chinese Bank Loans at Risk

Amid the real estate debt crisis, China Evergrande Group and two other Chinese property giants have fallen from the 2022 Fortune Global 500, reducing the number of Chinese property developers to five from eight last year.Fewer Chinese developers in the Global 500 reflect the collapsing Chinese real estate market as domestic demand and home prices tumble. The two other property giants that fell from the Fortune Global 500 list are Sunac China Holdings and China Resources Land.
Chinese developers left million …