Chinese developers have suspended the construction of apartment buildings amid the real estate crisis, triggering a widespread mortgage boycott among homebuyers in several provinces and cities across China in recent weeks. These homeowners have organized protests at construction sites and local government offices, demanding the completion of homes they’ve already paid presale deposits for and started making mortgage payments on. These protests swept across multiple Chinese provinces and cities, including Shanghai, Sichuan, Henan, and Shandong, and reportedly encountered resistance and violence from local authorities. Protests On Oct. 10, authorities in Nandayuan township, Baoding city, Hebei Province, announced that a local surnamed Tao, who bought an apartment unit in the housing community called XiuLan Yufeng Garden, had been subjected to “criminal coercive measures” for allegedly “organizing and inciting homeowners” to participate in a rights protest in Beijing. The official release further stated that 15 other individuals had also been punished....Read more https://www.theepochtimes.com/china/chinese-homebuyers-stage-protests-nationwide-5511848