What's Going on With the Henan Bank?

Some middle-class Chinese people have been spending a whole lot of money on mortgages pre-ordered that weren't completed yet. When one developer doesn't meet their quota, doesn't get there on time or defaults in one way or another, then that rocks the confidence of the entire market. And it's very, very reminiscent of what appears to be going on with this Henan bank thing. There was a correlation between Tiananmen Square and these protests, which has actually been debunked this fall.