"China's Real Estate Crisis Sends Global Economy into Turmoil"

Chinese investors and creditors are selling off real estate assets globally to raise cash amid a deepening property crisis at home, potentially revealing the true extent of the industry's troubles. The worldwide slump triggered by borrowing-cost hikes has wiped off over $1 trillion in office property values, with concerns about large, unrealized losses impacting banks and asset owners. As a new wave of overseas assets acquired during a decade-long Chinese expansion spree hits the market, the industry braces for improved transparency and price discovery, while also facing the wider impact of such disposals on the commercial real estate market.