Sure enough! China's troubles are divided into three levels: mild, moderate, India!
'23.07.31【觀點│正經龍鳳配】Pt.2 果然!中國的麻煩分三級:輕度、中度、印度!
https://m.youtube.com/watch?v=9Pds94iwdCQ
Persistently high interest rates are putting stress on corporate balance sheets and leaving increasing numbers of firms here and across the region, at risk of bankruptcy.
Home builders and developers, leisure and sports, and transport sectors will fare worse if credit access becomes more restrictive and interest spread further increases.
We have seen stress across real estate, industrials, construction and consumer. We also expect to see another round of stress in the airline business, as the stronger and weaker players diverge.
In contrast, non-discretionary industries appear to be faring better, including healthcare, food and beverage and lower priced retailers and grocers. High interest rates are also cushioning some financial services firms.
Deloitte estimated that a conservative US$707bil of non-performing loans (NPLs) were held by banks across the Asia-Pacific at the end of 2022.
Total NPLs here in Spore stood at around US$18bil at the end of 2022, against $27bil at end-2020.
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