
[Sixth Tone] China’s downturn fuels a worrying new trend: A surge in foreclosures
China Stories
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China's Stories - The China Project
Legal experts disagree with the idea of compensating mortgage defaulters. G and his wife are trying to pick up the pieces after defaulting on their mortgage. He feels that the business environment in China is much worse than when he bought the apartment in 2018. The couple have been blacklisted via the social credit system, which places serious restrictions on his activities.
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