China’s stock market rebounded on the afternoon of Oct. 25, with its A-share index continuing the upward trend on Oct. 26 after plunging on Oct. 24. However, a financial analyst believes that the stock market recovery is a result of government intervention to appease investors, which will only have a short-term effect. China’s A-share stock…
China, Hong Kong Stocks Rebound But Analyst Says Government Intervention Will Only Have Short-Term Effect
October 30, 2022
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Over 40,000 Homebuyers in China Threaten to Boycott Mortgage Repayments for Stalled Projects
More than 40,000 homebuyers have threatened to cease paying their bank mortgages for pre-sold yet unfinished apartments unless developers resume construction. The distressed homebuyers have informed mortgagees of their decisions to boycott payments for stalled development projects via letters, some of which have been circulated online. The homebuyers said they have taken such measures after…
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