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Underwater Mortgages Force China’s Banks to Get More Creative

Apr 06, 2026 21:00 UTC

The semi-abandoned “Life in Venice” housing complex in Qidong. China is facing its longest property downturn on record, with home prices down sharply from peak levels..

  • The semi-abandoned “Life in Venice” housing complex in Qidong
  • China is facing its longest property downturn on record, with home prices down sharply from peak levels

The semi-abandoned “Life in Venice” housing complex in Qidong. China is facing its longest property downturn on record, with home prices down sharply from peak levels.

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