It is spreading like wildfire. Homebuyers in China are refusing to pay mortgage on properties their distressed developers can’t deliver.
This disobedience is something China is not prepared for.
My latest for @opinion
Shuli Ren
8,124 posts
Shuli Ren
@shuli_ren
Joined August 2013
- President Xi has elevated the status of SOEs and cracked down on private businesses. Now he is getting more than what he had wished for. Most fresh college graduates want a job with the state sector. My latest for @opinion
- If someone from a Chinese conglomerate pitches you business ideas, run the other way. My feature piece on why:
- If the fiascoes at WeWork and Greensill were not enough, Klarna should serve as another fine reminder that SoftBank is the unluckiest whale in a crowded venture capital world. My latest for @opinion
- Anyone wanting to know what China will do in the next five years needs to read President Xi Jinping’s latest speech. Here I am reading tea leaves for @opinion
- China’s censor is on overdrive, blocking hundreds of links to videos and articles documenting the Shanghai lockdown. Shanghai is not Xian, or Jilin province. We will not be silenced. My latest for @bopinion
- China is the wild card. It has a big toolbox to help soften Western sanctions on Russia. But will Xi, who vowed “rock solid” friendship with Putin, come to Russia’s aid? My latest for @bopinion
- 🎁 Free to read! After India and Pakistan clash, China’s defense industry is getting a DeepSeek moment. My latest for @opinion
- It’s not easy being a landlord during the pandemic, especially in Hong Kong. And, soon, property owners will earn negative carry for the first time since the collapse of Lehman Brothers. My latest for @bopinion
- It’s a clean sweep for President Xi, who stuffed the Communist Party’s top decision body with his allies. He will need them, to execute his untested, vague, theoretical new development model. My latest for @opinion
- From real estate to stocks to the yuan, assets that make up the bulk of Chinese households’ wealth are being battered ahead of the party congress during which President Xi will advocate for his Party’s right to rule. My latest for @opinion
- Behind your shiny iPhones are migrant workers working 12 hours a day and making peanuts.
- Who’s the next Evergrande? China’s distressed bond watchers look at developers whose bonds are soon due. But how about billions of dollars of loans that offshore banks lend? The bankers now have second thought. My latest for @bopinion
