Загрузка страницы

20 Million Unfinished Homes Drive Tens of Millions in China to Tears, China Collapse Irremediable!

After the Hong Kong High Court issued a winding-up order, Evergrande, the second largest property developer in China, announced that by the end of 2023, the amount of outstanding debt had reached about 300 billion yuan. Apart from the debts, Evergrande also left behind approximately 1.62 million unfinished properties, affecting 6 million homeowners. In China's real estate market, due to presale regulations and lack of supervision, many homeowners entrusted their hard-earned money to developers, and even began repaying bank loans. However, due to various reasons, the buildings remain unfinished and cannot be completed. With the developers' debt crises, their funding is also in jeopardy. Chinese banks are unwilling to bear the risks, leaving all the risks to the homebuyers, so they are now in a predicament of losing both money and housing. Chinese real estate companies that have already defaulted or are on the verge of defaulting are not limited to just Evergrande. Despite the Chinese Communist Party's promise to ensure property is finished, the majority of unfinished residential projects are still highly unlikely to be completed. These could become ticking time bombs that may lead to social unrest. Once it explodes, the ones left injured will still be those unfortunate homebuyers.
#chinaobserver
All rights reserved.

Видео 20 Million Unfinished Homes Drive Tens of Millions in China to Tears, China Collapse Irremediable! канала China Observer
Показать
Комментарии отсутствуют
Введите заголовок:

Введите адрес ссылки:

Введите адрес видео с YouTube:

Зарегистрируйтесь или войдите с
Информация о видео
18 февраля 2024 г. 23:00:00
00:18:20
Другие видео канала
China Relaxing Epidemic Prevention Policies; Chaos Continues to UnfoldChina Relaxing Epidemic Prevention Policies; Chaos Continues to UnfoldChina’s Dream to Control the World With Rare Earths Shattered, Profits CrashChina’s Dream to Control the World With Rare Earths Shattered, Profits CrashChina Economy Hit by 8 Trillion COVID Expense, Depleting Health Insurance FundsChina Economy Hit by 8 Trillion COVID Expense, Depleting Health Insurance FundsChinese Influencer’s Pee at Yasukuni Cools China-Japan-Korea Summit; Japan Issues Global WarrantChinese Influencer’s Pee at Yasukuni Cools China-Japan-Korea Summit; Japan Issues Global Warrant$1.71 Billion Foreign Capital Withdrawn, Over 1100 Companies Cash in by Reducing Holdings in China$1.71 Billion Foreign Capital Withdrawn, Over 1100 Companies Cash in by Reducing Holdings in China10M Shenzhen People Social Security Pensions Disappeared; Medical Insurance Owes Hospitals 350B10M Shenzhen People Social Security Pensions Disappeared; Medical Insurance Owes Hospitals 350BWhite Paper Revolution Sweeps China, Massive Protest in China, White Paper MovementWhite Paper Revolution Sweeps China, Massive Protest in China, White Paper MovementHow Many of These Chinese Buzzwords Do You Know, Like “The Last Generation” and “Secretly Laughing”?How Many of These Chinese Buzzwords Do You Know, Like “The Last Generation” and “Secretly Laughing”?It’s Tough to Withdraw Money From China’s Banks! Require Police Consent! Savings Are DisappearingIt’s Tough to Withdraw Money From China’s Banks! Require Police Consent! Savings Are DisappearingIn-depth: 16 Tofu-Dreg High-Rise Apartments Tilt, Over 3000 People Urgently EvacuateIn-depth: 16 Tofu-Dreg High-Rise Apartments Tilt, Over 3000 People Urgently Evacuate2.3 Billion RMB Vanished, 42 Buildings Destroyed, Conclusions of The Expert Group Released2.3 Billion RMB Vanished, 42 Buildings Destroyed, Conclusions of The Expert Group ReleasediPhone Production Plunges As Tens of Thousands of Foxconn Employees Flee ZhengzhouiPhone Production Plunges As Tens of Thousands of Foxconn Employees Flee ZhengzhouChina’s E-commerce Crash: 80% Will Fail, 90% Return Rate, Influencers’ Riches Dream ShatteredChina’s E-commerce Crash: 80% Will Fail, 90% Return Rate, Influencers’ Riches Dream ShatteredChina’s Fraud New Peak: All 85 Employees Are Scammers, Wage Scam Group Steals Over $100M in SalariesChina’s Fraud New Peak: All 85 Employees Are Scammers, Wage Scam Group Steals Over $100M in SalariesTemu, Shein Are Doomed! Type 86 Parcels Severely Hit, Thousands of Tons Detained at CustomsTemu, Shein Are Doomed! Type 86 Parcels Severely Hit, Thousands of Tons Detained at CustomsHeaven’s Wrath, Public Fury: Floods Ravage China, Government Stops Aid Right After CCTV FilmsHeaven’s Wrath, Public Fury: Floods Ravage China, Government Stops Aid Right After CCTV FilmsChina’s Social Unrest Grows: People Fare Worse Than Four Years Ago, Lament They Can’t SurviveChina’s Social Unrest Grows: People Fare Worse Than Four Years Ago, Lament They Can’t SurviveXI Jinping Caught Faking, the Only World Leader With His Own Crowd ActorsXI Jinping Caught Faking, the Only World Leader With His Own Crowd ActorsCentral Officials Arrive, Someone Sets Fire to Govt Building, Half the City’s Firefighters ArriveCentral Officials Arrive, Someone Sets Fire to Govt Building, Half the City’s Firefighters Arrive60% House Price Seized by Government, Leaving 10% of Homes Unfinished60% House Price Seized by Government, Leaving 10% of Homes UnfinishedChina to Ban Nvidia? Joke! Taiwan Choke China: No Taiwanese Chips, No Weapons ProductionChina to Ban Nvidia? Joke! Taiwan Choke China: No Taiwanese Chips, No Weapons Production
Яндекс.Метрика