Top Stories of the Month: China’s Mortgage Boycott Epicenter Gives Developers an Ultimatum
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Local governments in China have been making efforts to jump-start the country’s flagging real estate sector. Mortgage boycott epicenter Zhengzhou has given developers an ultimatum, threatening them with penalties if they fail to restart stalled housing projects. Meanwhile, Shenzhen has set up a platform to rescue cash-strapped builders.
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