China’s Economy in a Deadlock: Masses Stop Mortgage Payments, Banks Reject Foreclosures
China's economic downturn has led many people to stop making payments, flooding the market with auctioned properties and causing prices to continue to drop. The emergence of these defaulted properties also means …
Mass Home Demolitions by CCP Push People to the Edge, Triggering a Resistance Wave
There are rumors online that the compensation standards are too low. According to local residents, the compensation for demolition is only 1500 yuan per square …