Al Jazeera English published this video item, entitled “China’s abandoned construction projects hit homebuyers hard” – below is their description.
A worsening crisis of stalled construction projects in China is spilling over into the banking sector, triggering warnings of broader systemic risks. It has also left many people who have bought unfinished homes high and dry, with some considering drastic measures.
Al Jazeera’s Patrick Fok reports from Nanning, China.
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#News #China #Construction #ConstructionPlans #GhostTowns #Chinese #EconomyAl Jazeera English YouTube Channel
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