China's next big worry: A mortgage crisis knocking on its doors - India Today

Property giant China Evergrand, in a letter to local authorities in 2020, had said that the cash crunch could lead to huge financial and social risks. It had mentioned that two million buyers might protest over their 600,000-odd unfinished apartments in the c…

China's property sector is causing worry in economic circles as homebuyers of around 100 projects across 50 cities have decided to stop paying mortgages for unfinished homes after prolonged construct… [+5595 chars]

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