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Home Buyers Rattle China’s Real Estate Sector

by Rajesh Ravi - July 22, 2022

Home buyers across China are refusing to pay the mortgages of undelivered homes and rattling the world’s second-largest economy. The unprecedented and defiant move by the home buyers some months after the Evergrande crisis indicates a deeper malaise in the sector which accounts for 25 to 30 percent of China’s GDP. The problems could snowball…

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