
Variable-fate mortgage: China’s protests
The Intelligence from The Economist
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Protests and Property Crisis in China
This chapter explores the profound impact of American HIMARS rocket launchers in the Ukraine conflict and transitions to the intensifying protests in China due to a banking scandal. It highlights the mortgage crisis stemming from halted construction projects and widespread non-payment among homebuyers, leading to large-scale demonstrations. The chapter underscores the growing financial instability in China, as citizens express their frustrations and fears over systemic risks in the economy.
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