Bloomberg
Chinese Homebuyers Across 22 Cities Refuse to Pay Mortgages
(Bloomberg) — Across China, homebuyers are refusing to pay mortgages as property developers drag on construction projects, escalating the country’s real estate crisis and risks of bad debt for banks. Most Read from BloombergUS Inflation Quickens to 9.1%, Amping Up Fed Pressure to Go BigThe 10 Worst Airports in Europe for Delays Right NowChinese Homebuyers Across 22 Cities Refuse to Pay MortgagesFresh US Inflation Peak to Keep Fed on Aggressive Rate PathEuro Drops to Dollar Parity for First Time