Connect with us

Hi, what are you looking for?


China housing crisis: The people living in unfinished apartments

China’s massive economy is being threatened by a real estate debt crisis the likes of which has never been seen.

Just months before Xi Jinping is to be ushered into a historic third term in office, banks are failing, and protesting property investors are withholding mortgage repayments because developers have not finished building their homes.

In some cities, homeowners, who bought their apartments off-plan, have decided to just move their families into unfinished towers, ignoring warnings to stay away.

The BBC’s China Correspondent Stephen McDonell travelled to Xi’an to meet some of them.


You May Also Like


For many years we have seen how the Soft Power used by the Kremlin works exclusively through culture, exhibitions, musical groups presentations, etc. It...


Yesterday (8th June)  Gotham City media outlet reported that on 21 March Russian businessman Vladislav Klyushin was arrested in Switzerland at the request of...


Zechariah and Shama’a have been married for 91 years. As Jewish orphans in Yemen, they married young to avoid being wed outside of their...


The Azerbaijani diaspora, which numbers some 60 million people around the world has entered the virtual social media battle being waged between Armenia and...