Category: mortgage boycotts

Expert Does Not Believe Policy Will Solve China’s Real Estate Bubble

October 27, 2022
ChinaChina Business & Economyhousing reformInternational Relationsmortgage boycottsproperty developers
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After Xi Jinping said “Housing is for living in and not for speculation,” and China will “build a housing system featuring multiple suppliers and various channels of support that encourages both housing rentals and purchases” at the party’s 20th national meeting, the party media reported that “policy has set the tone” for Chinese property development…

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China’s Mortgage Revolt

August 28, 2022
Business & MarketsBusiness Columnistsmortgagemortgage boycottsOpinionproperty developersThinking About China
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Commentary Something rare is happening in China. Protests and boycotts are expanding. Not for democracy, exactly, as in 1989 in Tiananmen Square and up to 2020 in Hong Kong. The protests today—from Beijing to Guangxi and recently in Hong Kong—are outwardly against property developers who absconded with down payments, never to deliver the promised apartments. These…

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