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Anger mounts as China's property debt crisis leaves flats unfinished

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Read more about China’s property: https://sc.mp/c9jj Dozens of homebuyers in Tongchuan, a city in northwestern China’s Shaanxi province, are demanding police action as the presale flats they bought years ago remain unfinished shells. The so-called “rotting” or unfinished homes in China have become more common since a property slump in 2021, which has seen some property…

New Evergrande protests amid reports troubled Chinese property giant ordered to raze development

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Protests erupted at the Guangzhou office of the cash-strapped property developer China Evergrande Group on January 4, 2022. This as the group announced a new plan for repaying holders of its wealth management products. The news sparked fresh investor concerns the developer would be unable to meet its obligations. With liabilities of 1.97 trillion yuan (US$310…

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