China's Mortage Boycotts Are Spreading and Could Get Worse

to analysts who say the homeowner protest is already affecting 235 property developments in 24 of China’s 31 provinces.

“The boycotts appear to reflect growing concern among home buyers about the ability of indebted developers to deliver the homes they have sold, as well as some discontent about declines in new home prices, which have left many buyers sitting on paper losses,” Julian Evans-Pritchard, senior China economist at Capital Economics, said in a note on July 15.China’s growing middle classes have piled their savings into property, believing it to be a safe haven for their hard-earned cash.

by Australian bank ANZ. The growing boycotts threaten to worsen the problem, creating a vicious cycle where already struggling developers become even more strapped for cash.Why the Fate of Troubled Property Developer Evergrande Group Is Posing a Huge Headache for China

The conditions of our world show that we would not live better without the Iliad.

But Chinese protests in China never worked.

They really jerked the people's money....damn

Lol. That's interesting.

Quem escuta o podcast do terracoecon já sabia :)

China cares for its children more than us Inheritance will be more seamless

👍🏻

Everyone understands the need to revolt except Americans

Let's everyone in the world come together and do it. Afterall is everyone's money. Just stop paying and debt and rest the world economy. What's going to happen? I think we can all do it. Start a world revolution.

Why are there no protest videos?

😆😆😆 It seems that those people are the ' ghosts Of China ' just like the ' ghost of kiev ' ...

😳😬

In the future money won't exist as we know it know..ppl come to understand money is nothing but a tool of slavery and control of a ppl and mostly realize ultimately money isn't real..it doesn't do anything.ppl always do...we will look back and be dumbfounded how it lasted so long

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