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CW.270.VIKING BOER – CHINA WATCH – Financial Crisis Worsens – Mortgage Defaulters
Financial Crisis Worsens – Mortgage Defaulters Use “professional deadbeats” to Start a new life.
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2023/09/17 04:48 AM
Premiered 8 hours ago #Chinainsights #Chinanews
After more than 20 years of overbuilding, China’s real estate companies are finally heading for collapse. Its most direct indication is the plummeting of housing prices.
Related to the real estate crisis, “professional deadbeats” have begun to emerge and proliferate in China. Should this trend continue, it’ll lead to many bad debts in Chinese banks.
We will cover this phenomenon in the second half of this episode.
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