Chinese banks are grappling with a surge in mortgage defaults and foreclosures as the country's housing market crashes. The increase in seized properties is burdening the legal system and impacting bank profits. Despite government efforts to stabilize the market, falling property values and unfinished apartments pose significant risks to the financial system.

India's Directorate General of Trade Remedies (DGTR) has recommended anti-dumping duties on PVC resin imports from seven countries, including China and the US. The DGTR found that these countries were selling PVC resins below market value, harming Indian manufacturers. If enacted, the duties could reach up to USD 339 per tonne.