🚨Chinese Mortgage Crisis Worsens! 🚨
China’s property sector has been under pressure for at least two years, and initially came to a head in June last year with the infamous liquidity crisis at Evergrande, China’s second largest property developer.
The sector is once again in crisis, as thousands of homebuyers are refusing to continue making mortgage payments on properties whose developments have been delayed.
👉 How did China’s Property Crisis start?
To provide some background, a popular real estate sales strategy in China revolves around…