China’s homeowners living in unfinished apartments – BBC News

BBC News published this video item, entitled “China’s homeowners living in unfinished apartments – BBC News” – below is their description.

China’s massive economy is being threatened by a real estate debt crisis the likes of which has never been seen.

Just months before Xi Jinping is to be ushered into a historic third term in office, banks are failing, and protesting property investors are withholding mortgage repayments because developers have not finished building their homes.

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

BBC News YouTube Channel

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About This Source - BBC News

The video item below is a piece of English language content from BBC News. The British Broadcasting Corporation (BBC) is a British public service broadcaster funded by the UK Government, and British license fee payers. Its headquarters are at Broadcasting House in Westminster, London.

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