Mortgages Face Boycott In China.

The article reports on the move by Chinese homeowners to organize in their refusal to repay loans on unfinished properties as a sign of a growing public defiance to the government amidst the worsening economy. Also cited are how China's economy is poised to post its slowest growth in decades caused by Covid-19 lockdowns, travel restrictions, and the declining confidence in the government, and how the real estate is adversely affected by the economic slowdown.