In July, thousands of Chinese homebuyers threatened to boycott mortgage payments. Since the Evergrande Crisis, other cash-strapped developers have halted construction, leaving millions in limbo.

Over speculation left Chinese property market in jeopardy. Meanwhile, desperate homebuyers have moved into their unfinished apartments, making do without electricity and water. With echoes of the 2008 US subprime mortgage financial crisis, people around the world are closely watching how this crisis in China will unfold.

What is behind China's mortgage crisis?

For greater INSIGHT into issues affecting Asia:
   • Insight  

===============
ABOUT THE SHOW: Insight investigates and analyses topical issues that impact Asia and the rest of the world.
==========================
#CNAInsider #CNAInsiderInvestigates #China #Evergrande #RottenTailBuilding


For more, SUBSCRIBE to CNA INSIDER
https://cna.asia/insideryoutubesub

Follow CNA INSIDER on:
Instagram:   / cnainsider  
Facebook:   / cnainsider  
Website: https://cna.asia/cnainsider