China’s robust facade wavers as economic instability triggers protests, impacting Xi’s leadership, global partnerships, and energy demand…
China’s Mortgage Boycott Crisis Is Growing, As the Government Looks for Solution…
The crisis in China over middle-class homeowners refusing to pay mortgages for properties that developers have failed to deliver has now spread over 301 development projects in about 91 cities. As homeowners accuse developers of failing to deliver apartments they paid for, the total value of the mortgages affected has surged to an estimated 2 trillion yuan, or US$297 billion…