https://www.scmp.com/economy/china-economy/article/3185326/c…
China’s economy, which is on course to record its lowest quarterly growth rate in two years, is facing fresh risks from an unfolding mortgage boycott quickly spreading across the country.
In the past week, buyers of more than 230 properties in 86 cities have joined together to collectively refuse to make mortgage payments for unfinished, pre-sold units unless construction resumes, according to real-time updates on software development platform Github under the “WeNeedHome” project.