China's mortgage boycott is escalating. Now Evergrande suppliers have stopped paying bank loans - ABC News

The property crisis in China may have entered a dangerous phase as mortgage boycotts spread and banking corruption shakes confidence, with the shadow of COVID outbreaks and lockdowns also hanging over the economy.

A fast-growing mortgage boycott across dozens of cities in China has prompted some property suppliers to cease their bank loan repayments, raising fears the escalating situation could trigger a furth… [+7080 chars]

full article...