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What a Rise Mortgage Defaults Would Mean for China Banks

Grace Wu, head of Greater China bank ratings at Fitch Ratings, discusses what the property market crisis means for lenders in the world's second-largest economy. Tens of thousands of people around the country are withholding payments on their mortgages for homes that developers, including China Evergrande Group, have yet to finish. Wu speaks with David Ingles on "Bloomberg Markets: China Open."