China’s Economy in a Deadlock: Masses Stop Mortgage Payments, Banks Reject Foreclosures
China's economic downturn has led many people to stop making payments, flooding the market with auctioned properties and causing prices to continue to drop. The emergence of these defaulted properties also means …
The China economy is sputtering out, with massive unemployment, signs of inflation, unemployment, and an ongoing real estate crisis. And now we're seeing that poverty in China might be far more widespread than we thought. And it …
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