Chinese home buyers stop paying mortgages

Developers are unable to find the cash to finish real estate projects. It’s led to Chinese home buyers to stop paying their mortgages. The World’s Jason Margolis spoke with Logan Wright, director of China markets research at Rhodium Group, about what’s behind the cash crunch and how the Chinese government can step in to fix the problem.

Will you support The World?

The story you just read is not locked behind a paywall because listeners and readers like you generously support our nonprofit newsroom. Now more than ever, we need your help to support our global reporting work and power the future of The World. Can we count on you?