Focus: Housing bubble burst crisis in small Chinese cities, financial system risk concerns

Reuters

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Private Equity: The Woodbridge Company

Focus: Housing bubble burst crisis in small Chinese cities, financial system risk concerns

[Zhuozhou (China) 2nd Reuters] --Zu bought a room in a condominium in Zhuozhou, a small city in Hebei Province, China, because the developer did not fulfill his promise to build a railroad that could commute to Beijing. , Stopped payment of mortgage. When Reuters spoke to three buyers, including Mr. Zu, who is working as an accountant and is campaigning for compensation, around 1,000 buyers stopped paying loans last year because they were angry …