Entry Submitted by Sean M at 11:14 PM ET on July 20, 2022
Chinese Real Estate Jubilee Possibility Increases?
The Great “China Debt Jubilee” (perhaps?) is picking up speed. China’s homebuyer mortgage boycott, the world’s biggest asset is spreading, and according to Bloomberg, some suppliers to Chinese real estate developers are now also refusing to repay bank loans because of unpaid bills owed to them – a sign that the loan boycott that started with homebuyers is starting to spread.
This could get very interesting.
Source: GCR Real Time News
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