You have to give those Chinese Communist censors their props.
One of the most popular topics on Chinese social media sites doesn't exist according to the censors, and they're bound and determined to keep it that way.
Zhengzhou, the capital city of Henan province, is the most exposed to the mortgage revolt out of 91 affected cities, according to data compiled by researchers at E-House China Enterprise Holdings, a real estate services company.
Some experts see parallels between the Lehman Brothers meltdown in 2007, which led to the deepest recession in the U.S. in several decades, and the Chinese real estate crisis today.
Naturally, China's Communist leadership is desperate to keep a lid on this news.
Censors are scrambling to filter or erase details of angry homebuyers threatening to stop paying mortgages on hundreds of unfinished housing projects, as regulators seek to reassure residents that everything will be taken care of.
Keeping Chinese citizens in the dark is getting harder all the time.
Friday, July 22, 2022
Chinese Censors Can't Keep a Lid on Growing Mortgage Protests
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