New data from Citi Group reveals the number of distressed mortgages in China has surged to new all-time-highs as the number of mortgage boycotts increases.
The Chinese economy is experiencing a "near-complete collapse" that could have "serious consequences" for the United States, according to a real estate investment analyst.
In the wake of some of the most challenging economic conditions seen in decades, China's middle class is demonstrating a level of defiance that has arguably never been seen in the country's modern history.
The extent of China's real estate crisis has been laid bare by a leading ratings agency, which has made a startling estimation of how many developers are now unable to pay their debts.
EXCLUSIVE: Major suppliers of Chinese real estate giant Evergrande have announced they will suspend loans and stop work in a move that could signal trouble for the global economy.