China Mortgage Boycott

NEW DELHI: China’s mortgage boycott may be picking up steam, even as authorities try to stem the crisis with support measures. A highly-watched list on the GitHubopen-source site titled “WeNeedHome” showed that homebuyers are boycotting…

China is facing a mortgage crisis as several thousands of unhappy homebuyers are refusing to pay their mortgage for unfinished or stalled housing projects. This was precipitated by property developers who have run out of capital to finish…