Issue #11: The toll of China’s real estate crisis + the sound of migrant workers-writers, and more
farandnear.substack.com
Hi there, It’s Beimeng, Charlotte and Yan here. After a short break, we’re back at the tail end of summer with stories that have moved us. Over the last few months, the speed at which China’s mortgage protests spread across the country took many by surprise. As Chinese regulators go above and beyond to avoid a “Lehman moment,” many desperate homebuyers are moving into unfinished apartments as their last resort. We have two stories to help you understand the crisis’ devastating toll on individual families.
Issue #11: The toll of China’s real estate…
Hi there, It’s Beimeng, Charlotte and Yan here. After a short break, we’re back at the tail end of summer with stories that have moved us. Over the last few months, the speed at which China’s mortgage protests spread across the country took many by surprise. As Chinese regulators go above and beyond to avoid a “Lehman moment,” many desperate homebuyers are moving into unfinished apartments as their last resort. We have two stories to help you understand the crisis’ devastating toll on individual families.