Over the past few weeks, tens of thousands of Chinese homebuyers have banded together and refused to continue paying mortgages on unfinished homes. Homebuyers in China frequently purchase “pre-sale” homes long before developers...
Hundreds of bank depositors clashed with police in Zhengzhou, the provincial capital of Henan, in a major escalation of a simmering conflict between rural customers and a consortium of likely insolvent local banks that have...
Evergrande offices across China have been beset by protesting retail investors and homeowners concerned that the real estate giant is on the verge of bankruptcy. The company is facing a liquidity crisis and may default on its...
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