There is a debt bomb about to explode in China that will rival the Great Depression in 1930s America
Homebuyers are boycotting their mortgage payments, causing the ChiCom government to scramble to avoid an economic collapse
Supplier to property developers have also stopped paying on their loans because they are not being paid
Hundreds of contractors to the property industry have complained that they cannot pay their own bills
Similar to homebuyers who have taken a stand and refuse to pay for properties that remain uncompleted
What is happening in China today is far worse than what happened in March 2020
Homebuyers are boycotting mortgages on unfinished homes, and this is spreading to affect other sectors of the economy
China remains the world's second-largest economy at roughly $17 trillion annually, well ahead of the US at $23 trillion and Japan at $5 trillion
If the Chinese economy were to collapse, it could spread to other countries as well
https://www.naturalnews.com/2022-07-28-massive-chinese-debt-bomb-set-to-explode-no-payments-on-loans.html
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