On Wednesday (July 13), Bloomberg quoted the latest report on real estate prices in China released by Citigroup Inc., saying that a total of 35 real estate projects in 22 cities in China were "unfinished" or property prices fell sharply, and the purchase of real estate decided to stop paying the mortgage.
Bloomberg's analysis believes that, in fact, the job email list problems of China's real estate industry are spreading to banks. “The mortgage defaults underscore the extent to which the storm engulfing China’s real estate industry is now affecting China’s middle class and posing a threat to social stability. Banks in China, already grappling with the challenge of liquidity pressure from developers, now have to prepare for home purchases breach of contract.”
There are more "unfinished building" projects in China's internal statistics. It is said that as many as 52 owners of unfinished or unfinished buildings have issued notices of suspension of loans, involving about ten developers including Evergrande.