
The Chinese property bubble has just burst, here’s what you need to know
The David McWilliams Podcast
00:00
Real Estate Development Financing in China
Mortgage boycots are essentially people refusing to pay their mortgages. In china, the government has been trying to prevent the real estate sector becoming too big a share of bank lending. This is absouten quite a strict restriction on real estate development funding. So the real estate developers began turning, i think, especially after the financial crisis, to international bond markets. Are the issue o a huge amount dollar debt.
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