why the housing market is collapsing – and the risks to the wider economy
- Written by Zhirong Ou, Senior Lecturer in Economics, Cardiff Business School, Cardiff University
Homebuyers in China have been refusing to make mortgage payments.Svilen G / ShutterstockChina has been trimming interest rates recently – in contrast to othermajoreconomies – as it tries to stem the economic effects of its zero-COVID policy and address a growing property crisis. The country’s traditionally strong housing market...







