This is from the Wall Street Journal on subprime lending in China. Not new, but a catch-up on what’s happening
– A surge in risky subprime-style loans
– Home buyers in China normally put down a third of the cost of a new property upfront. But a rapid rise in buyers borrowing for their down payments … has led authorities to clamp down.
Like I said, not new, but it looks like its not going away.