16-07-2022, 10:08 AM
(16-07-2022, 06:35 AM)kokee Wrote: china economy crashing with 0.4% GDP growth, no money with govt deficit of almost $6 trillion this yr.
property & banks crash across whole china now.
people jobless, many money in banks cant withdraw, bond default, stock down, inflation surges!!
total debt burst, bubble burst!!
二季度GDP0.4%,赤字五万亿
Chinese citizens boycott mortgages in 86 cities
still 22 cities? as above already 86 cities, almost 300 projects stop paying housing loan.
china 1 project easily 3.5k units, so easily 1 million units unfinished units stop paying, still has easily 40 mil units abandon to pay housing loan, ton more to come!!
Chinese Middle Class' "Let it Rot": Homebuyers stop paying on over 235 unfinished properties-July 15