China Facing a New Financial Crisis
'New crisis': China faces wave of mortgage strikes
Video: Communist China Deploys Tanks To Protect Banks From Angry Citizens Seeking To Withdraw Savings
China is facing a “new crisis” as citizens are now refusing to pay their home loans.
“Mortgage holders have taken out their anger online and have vented their frustrations in public,” Mr Greenwood said.
“But the Chinese answer to all this is to send in teams of censors to erase all social media of any mention of loan suspensions simply to stop the run, to stop the behaviour.
But in further escalation shocking video has emerged in what is…
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