China is facing the US financial crisis 'on steroids' as the real estate market collapses, famed hedge fund boss says
None China's property debt is a worse version of the US' 2008 financial crash, Kyle Bass told CNBC. • None The country's real estate sector was too debt-reliant, and now every public developer is in default. • None Just two companies hold a debt of $500 billion. In total, the US banking system…
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