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Friday, July 15, 2022

More Chinese homebuyers refuse to pay loans amid contagion fears

Homebuyers have stopped mortgage payments on at least 100 projects in more than 50 cities as of Wednesday, according to researcher China Real Estate Information Corp. That's up from 58 projects on Tuesday and only 28 on Monday, according to Jefferies Financial Group Inc. analysts including Shujin Chen.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EiBYpxb

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