How China’s bank scandal and mortgage boycott have Beijing scrambling to respond
Post journalist Holly Chik and Beijing-based reporter Amanda Lee look into the Henan bank scandal where savings accounts were frozen and a subsequent protest was violently quashed; business desk reporter Pearl Liu unpacks the growing number of people across China with mortgages suspending payments on unfinished flats as more property developers slide into default, and how Beijing is trying to defuse a ticking timebomb of debt.
 
Inside China · South China Morning Post
July 21, 202221m 22s
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Show Notes
Post journalist Holly Chik and Beijing-based reporter Amanda Lee look into the Henan bank scandal where savings accounts were frozen and a subsequent protest was violently quashed; business desk reporter Pearl Liu unpacks the growing number of people across China with mortgages suspending payments on unfinished flats as more property developers slide into default, and how Beijing is trying to defuse a ticking timebomb of debt.