People who live in half-built houses

0 0
Read Time:24 Second

China’s massive economy is threatened by an unprecedented housing debt crisis.

Just months before Xi Jinping ushers in a historic third term, banks are failing and protesting real estate investors are withholding mortgage payments because developers haven’t finished building their homes.

In some cities, owners who bought their apartments off-plan have decided to simply move their families into unfinished towers, ignoring warnings to stay away.

The BBC’s China correspondent Stephen McDonell traveled to Xi’an to meet some of them.

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published. Required fields are marked *