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Ever since Chinese developer Evergrande’s debt crisis became news, we’ve been concerned with the country’s real estate bubble that will bring down Chinese banks, triggering a world-wide financial crisis; we’ve heard about growing mortgage default and foreclosures in China but can’t quantify them. The recent movement among Chinese home buyers to boycott mortgages put another hard squeeze on the ugly housing bubble. Let’s first quantify the bad loans in the real estate sector that are haunting China’s banks.
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We discuss world economy, history, and politics. Our main focus is U.S.-China relations. We make short videos and tell you the hidden stories.
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References:
English References:
https://www.finews.asia/finance/37302-chinese-banks-hold-emergency-meeting-on-mortgage-crisis
https://www.washingtonpost.com/business/is-china-stumbling-into-its-own-mortgage-crisis/2022/07/14/c2099a3a-0359-11ed-8beb-2b4e481b1500_story.html
http://www.gov.cn/xinwen/2022-01/17/content_5668737.htm#:~:text=2021%E5%B9%B4%EF%BC%8C%E5%95%86%E5%93%81%E6%88%BF%E9%94%80%E5%94%AE%E9%9D%A2%E7%A7%AF,%E6%88%BF%E9%94%80%E5%94%AE%E9%9D%A2%E7%A7%AF%E4%B8%8B%E9%99%8D2.6%25%E3%80%82
Chinese References:
https://www.thenewslens.com/article/169901
https://new.qq.com/omn/20220106/20220106A0CPA400.html
https://www.163.com/dy/article/HASE2V170512B07B.html
https://posts.careerengine.us/p/62d15fc4ddb5d5132fd59458?from=latest-posts-panel&type=previewimage
https://www.163.com/dy/article/HC13BMTG0552ZPCC.html
https://tw.news.yahoo.com/%E6%96%B7%E4%BE%9B%E6%BD%AE%E4%BE%86%E4%BA%86-%E4%B8%AD%E5%9C%8B-%E6%B3%95%E6%8B%8D%E6%88%BF-%E6%9A%B4%E5%A2%9E-%E6%88%BF%E5%B8%82%E9%9D%A2%E8%87%A8%E5%B4%A9%E7%9B%A4%E5%8D%B1%E6%A9%9F-053638657.html
https://www.rfa.org/mandarin/yataibaodao/jingmao/kw-07132022122201.html
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#Chinsmortgage #realestatebubble #Chinesemortgagecrisis
