[blam]

China Shows How To Do A Stress Test: Tells Banks To Imagine 60% Property Collapse

" China’s banking regulator told lenders last month to conduct a new round of stress tests to gauge the impact of residential property prices falling as much as 60 percent in the hardest-hit markets, a person with knowledge of the matter said."

[AdmSmith]

This is a graph from one of the comments:



The crash in 1997/98 was about 60 %.