Mortgage boycott in China |Financial Times

2022-07-21 02:28:20 By : Ms. ELLA XU

Flash Offer €29.95 1 yearChinese President Xi Jinping usually gets away with it.But there is a rare group that not even he can control.China's homeowners are furious with struggling property developers.Local banks will probably have to foot the bill to keep Xi's policies intact.But the protests of the Chinese middle class could derail the government's efforts.The problem for Chinese developers is that the protests are accompanied by a rapidly spreading mortgage payment boycott of nearly 100To continue reading become PremiumTry it for €1 the first monthand enjoy unlimited access to all Expansion web contentAlready Premium?Sign inSee the terms and conditions of the service© 2022 Editorial Unit Economic Information SLSign up for our newsletters