a highly viewed list on GitHub The open-source site titled “VeneedHome” showed home buyers are boycotting 342 projects in 119 cities, up from about 320 in 100 cities at the beginning of August. There are a large number of outcasts in central Henan and Hunan provinces.
China’s deepening property crisis and a nationwide mortgage boycott have thrown its economy into turmoil and affected millions of homeowners this year. Officials have sought to mitigate the property crisis with a number of measures, including cutting interest rates, asking banks to meet the fair financing needs of developers, and a policy to deliver property projects through special banks. Including offering loans.
The sector’s recovery remains fragile. China’s domestic prices fell for the 12th straight month in August. Citigroup Inc. As per U.S. estimates, the proportion of property-related bad loans in banks has increased to 30%.
GitHub is a popular file-sharing site for coders and a source for people to post documents. This information also provides a gauge for global investors and banks to gauge the scale of conflicts facing them. Chinese authorities had previously censored documents crowdsourced on similar platforms to overcome the crisis.