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How China’s bank scandal and mortgage boycott have Beijing scrambling to respond

Inside China

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Bajing's Response to Mortgage Extensions

On sunday, we saw a special announcement from the central bank. And in the past one or two days, we've had reports ofa special intervention from bajing for those people refusing to pay their mortgages. I think after on those public letters war circulated anlie, they are more buyers. Im started to worry about eir own homes. Because before they might be just om individuals who are seeing their buildings not being constructed. And now they'v seen, actually therare more people going through the same experience. i guess there will be more people con ring such approach on, for example, talking to the banks about their mortgage on cut, or like mortgage extension.

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