Chinese Communist Party Censors Can't Keep a Lid on Growing Mortgage Protests

You have to give those Chinese Communist censors their props. One of the most popular topics on Chinese social media sites doesn’t exist according to the censors, and they’re bound and determined to keep it that way.

The topic is #stopmortgagepayments and refers to the growing boycott by homeowners who are refusing to pay mortgages on homes that were presold to buyers. The homes have not been completed for a variety of reasons, and the eminently practical Chinese don’t see why they should be paying for a house that doesn’t exist.

Home buying in China is a little different from what it is in America. Homebuyers typically take out a mortgage to pay for a property that has not yet been completed — a necessity given the extremely tight home market. But the projects are starved for cash, and the developers are finding it difficult to get loans.

There has already been at least one bailout of developers in Zhengzhou, and several banks are threatened by the property slump. “The boycott has spread to more than 300 property projects in China as of Sunday from 200 projects last week, according to a crowdsourced document titled ‘WeNeedHome,'” according to the Financial Times.

The action has raised concerns of default risk at banks. Last week, financial regulators rushed to stamp out the broad panic over the system’s financial health by asking banks to disclose the degree of their mortgage exposure. Sixteen listed banks revealed that a small portion of loans were vulnerable to damage.
The Zhengzhou city fund aims to help “revitalise problematic property projects and rescue developers with difficulties”, Henan Asset Management said, without revealing the fund’s size.
Zhengzhou, the capital city of Henan province, is the most exposed to the mortgage revolt out of 91 affected cities, according to data compiled

The Chinese Dream is Over!
640,554 views Jul 16, 2022 Shattered and gone, completely irreparable, The Chinese Dream is now nothing but an actual dream...
https://www.youtube.com/watch?v=ZNUP4Dcslyc

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Ghost Cities video: https://youtu.be/wJ8JBTIVUVw
Liziqi video: https://youtu.be/l5jHtRpr45c

Watch Stay Awesome, China! here:
https://youtu.be/mSie5A3LWgI

For a deeper dive into China’s Propaganda influence and soft power, watch our liveshow ADVPodcasts: https://www.youtube.com/advpodcasts

Bank of China IS the Communist Party. They are not letting people get to their accounts-— inasmuch as the Party says all their money belongs to the Party.

A very revealing short documentary by two brave Westerners on motorcycles— vast ghost cities of completely undeveloped empty concrete structures “owned” by the chi-com party as the “retirement” investment for individuals. But, they own nothing.

https://www.youtube.com/watch?v=wJ8JBTIVUVw

The Chinese have squandered huge amounts of capital building “ghost cities” which sit empty and deteriorating. Also the Chinese have spent huge amounts of capital researching and building armor, planes and ships which as the Ukraine war has demonstrated may be obsolete death traps if ever deployed in combat. Also keeping millions of young men under arms living in barracks, drilling and marching all day is a huge drain on their economy. Also should mention that doing gain of function research on viruses didn’t do them or the world any good.

Then there is this report of loudspeaker drones employed against the revolt in the covid locked down areas— this is chilling, the tyranny of Chi-Coms.

https://americanmilitarynews.com/2022/04/video-chinese-drone-warns-residents-to-control-your-souls-desire-for-freedom-amid-covid-lockdown/

And it certainly did not good when the PLA bioweapons units tested it on the Uyghur labor camp on the Mongolian border. They killed estimated 65K Uyghurs there (the bodies burned created sulfur dioxide plumes recorded by our spy satellites, quantitative analysis of prior smoke from the Bangladesh typhoon dead burned of 1 million, giving the estimate basis).

So, the PLA tested covid. it worked buuuuuut, the dumba@@ PLA got infected also— the “leak” for real. Discovered by our CDC in 2019 in Guangdong (a “novel” coronavirus reported). CDC kicked out of chicomland once they reported it. And so it began.

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