Explained: Why China's crumbling real estate sector has the world on edge

Explained: Why China’s crumbling real estate sector has the world on edge

China’s homebuyers are running out of patience as the country’s real estate crisis threatens to spiral out of control. Hundreds of thousands of homebuyers have begun a “mortgage boycott”, refusing to pay their mortgage for unfinished or stalled housing projects. As of July 18, homebuyers in 80 cities and 200 projects had threatened to stop …

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